M7 Real Estate, the light industry property asset manager, has appointed Chris Pope as managing director of the company's first office in France as part of the expansion of its European platform.
M7 Real Estate, the light industry property asset manager, has appointed Chris Pope as managing director of the company's first office in France as part of the expansion of its European platform.
Pope was previously head of portfolio management in Patrizia’s Paris office. He also oversaw asset management for the Tamar European Industrial Fund (TEIF), which has been acquired and delisted from the London Stock Exchange by the M7 and Starwood joint venture, MStar Europe.
Pope is being joined in the new French office on the outskirts of Paris by his colleague at Patrizia, Olivier Brunet, who will be taking a senior asset management role for M7.
MStar Europe’s public offer for TEIF was accepted by 96.4% of shareholders in August, allowing the compulsory purchase of the remaining shares and the delisting of the company. The offer for TEIF valued its portfolio of 36 properties at approximately €130 mln. TEIF’s 27 French assets comprise almost 170,000 m2 of space, which is currently divided into 186 units.
Founded in 2009, M7 has more than doubled its staff to 63 people in the past year as it opened offices in Amsterdam, Copenhagen, Frankfurt, Glasgow and Warsaw. The expansion of M7’s platform stems from the joint ventures it formed with HIG. Capital, Oaktree Capital Management and Starwood Capital Group to invest in continental European markets.
