M7 Real Estate has launched a joint venture with a US investment manager and opened a Lisbon office.

The London-based investment manager said it would invest €250m in Portugal with a “well-capitalised US investment manager”.

The company works with Oaktree, Starwood, HIG Capital, Goldman Sachs and M&G Investments.

Richard Croft, M7 Real Estate’s chief executive, said the company had a “healthy pipeline of potential investments with which to build a meaningful portfolio of income-producing assets”.

He added: “Portugal is on the radar of many real estate investors because of its improving economy and attractive pricing.”

M7 appointed Leonardo Peres as managing director for Portugal and opened a Lisbon office.

Peres, who joins M7 from CBRE, will be responsible for acquisition and asset management programmes.

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