M7, the European real estate investor and asset manager, has grown its assets under management by 60% to €1.7 bn over the course of 2015.
M7, the European real estate investor and asset manager, has grown its assets under management by 60% to €1.7 bn over the course of 2015.
In total, the company raised €290 mln of new equity commitments from institutional, family office and high net worth investors and carried out over €1 bn o f deals, including €850 mln of acquisitions and €250 mln of disposals.
During 2015, M7’s fund business grew with the launch of one new UK fund (M7 REIP IV) and three Continental European funds (M7 EREIP I; M7 EREIP II; M7 EREIP III).
In addition, the company formed a number of joint ventures over the year, including a partnership with a major US investor with the target of investing up to €250 mln in Portugal; and a partnership with Mount Street Loan Solutions in the non performing loan space.
The firm also continued its expansion into the retail and office property asset classes, which now represent 20% of the portfolio.
'2015 was a real milestone in the development of M7. We increased our investment portfolio significantly and continued to broaden our portfolio across asset classes and activities,' commented CEO Richard Croft.
