Investment manager M7 Real Estate has taken full control of its asset management joint ventures across Europe as it looks to consolidate its position after a year of rapid expansion.
Investment manager M7 Real Estate has taken full control of its asset management joint ventures across Europe as it looks to consolidate its position after a year of rapid expansion.
The London-based company, whose JV partners include Starwood Capital, Goldman Sachs International and M&G Investments, takes its total AUM in Europe to more than €1.2 bn of assets.
Richard Croft, CEO of M7, said the move represented a ‘step change’ for the company. He added: ‘The full integration of our European business positions us well for the opportunities that we believe will exist over the coming months.’
The restructuring also sees M7’s country teams integrated into the main business, with the heads of its satellite offices, Remko Dickhaut, Alyssa Huse, Femke van Oest, Chris Pope and Mette Seifert, becoming shareholders in the parent company.
M7's investment joint ventures with Starwood, Oaktree, HIG Capital, Goldman and M&G are not affected by the move, a company spokesperson said.
Founded in 2009, M7 specialises in buying and managing light industrial properties across Europe. Its portfolio comprises more than 330 assets in the UK, Denmark, the Netherlands, France, Germany and Poland totalling 2.6 million m2.
The company has nearly trebled its staff in the last 18 months as it opened offices in Amsterdam, Copenhagen, Frankfurt, Glasgow and Warsaw.
