22:13 27 July 2020
M7 buys office building
Pan-European entity investor and asset manager, M7 Real Estate ("M7"), has completed its first acquisition on behalf of M7 CEREF II (the "Fund"), its value-added property investment fund focused on office and logistics / industrial properties in key Central European markets, including Poland, Hungary, Croatia and the Czech Republic.
M7 CEREF II has made its first closure and is planning further financing closures to raise up to €100 million in Q3 2020. The fund's target value is around €150-200 million with leverage and a significant number of potential investments have already been identified across the region.
The first investment, located in an office and retail district in Katowice, in the south-east of the country, is a modern office building for many tenants, with an area of 12,672 square feet (approx. 1,177 sqm) on the first floor and six floors, including 183 parking spaces. The property is rented by eight tenants of various profiles and a stable position, including Santander, Capgemini and SGS.
(WBJ)
