M7 Real Estate, the pan-European investment and asset manager, has formed a strategic partnership with a Hong Kong-based family office.
M7 Real Estate, the pan-European investment and asset manager, has formed a strategic partnership with a Hong Kong-based family office.
The unnamed but 'substantial' Asian investor refinanced M7's Jersey-listed bond to £30 mln (€41 mln).
The new facility will enable M7 to increase its co-investments in various JVs and funds as well as enabling it to acquire assets directly onto its own balance sheet. As part of the transaction, the family office has agreed an option to acquire 25% of the business for an undisclosed price. Two representatives of the family office have joined the company’s board.
In addition to the finance agreement, M7 and the family office have entered into a strategic partnership to invest in high-yielding real estate in the locations covered by the M7 platform and to provide a distribution capability for M7’s funds into the Asian investor markets.
Richard Croft, M7’s CEO, said: 'This is obviously a highly exciting development for the business and we are very much looking forward to working with our new partners to grow the business over the next few months.'
M7 Real Estate is a pan-European investor and asset manager specialised in multi-let real estate. The business manages a portfolio of 370 assets comprising 2.7 million m2 with a capital value in excess of €1.3 bn.
