Pan-European manager M7 Real Estate has acquired two recently developed logistics assets in Germany for a joint venture fund backed by AustralianSuper and Oxford Properties.
M7, investing on behalf of the European Supply Chain Income Partnership, has acquired the fully-let 30,800sqm portfolio located in Düsseldorf and Kassel for €37.5m.
Miles Chuter, director, transactions at M7 Real Estate, said: “With this transaction, we’ve further strengthened our ESCIP platform by deploying €37.5m into high quality logistics assets across strong locations in Germany where demand for well specified space continues to outstrip supply.
“We continue to search for opportunities to deploy capital into well‑located mid‑box and urban logistics assets across key last mile European markets such as the UK, Germany, France, the Netherlands and Spain, as we continue to scale the ESCIP platform.”
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