M7 Real Estate has raised €400m at the close of its fourth European real estate fund.
The final raise provides M7 European Real Estate Investment Partners IV fund, its largest fund to date, with a total investment capacity of over €800m, including gearing.
M7 said it has already invested more than €500m and has identified a pipeline of around €250m of assets.
It will continue to target value-add multi-let commercial real estate assets in Germany, the Netherlands, France and Scandinavia.
The asset manager added that it expects the fund to be fully invested by the beginning of 2018.
M7 said the fund raised the capital from a wide range of investors. “With over 30 investors, M7 has broadened its investor base, which includes two major US investors and a number from other jurisdictions, including Hong Kong and the Middle East,” it said.
Richard Croft, M7’s chief executive, said: “The capital is being actively deployed and we have a number of asset management initiatives underway which will deliver value and attractive investment returns for our investors.”