M7 Real Estate (M7) has completed the €62 million refinancing of M7 European Real Estate Investment Partners V’s (M7 EREIP V) Dutch portfolio with existing lender Societe Generale and a debt fund managed by LBP AM. The new 3+1+1-year co-arrangement facility is secured against a portfolio of 25 properties located across the Netherlands, including offices, light industrial, logistics, and retail.
Since acquiring the assets between 2018 and 2019, M7 has undertaken a number of asset management initiatives to improve the portfolio’s ESG credentials and income profile, including actively reducing the vacancy rate by 7%, largely due to an ambitious sustainability-driven capex programme, which will be continued under this new facility.
The Netherlands is M7’s second-largest market outside of the UK, where it manages a total of €657 million of assets across 112 industrial and logistics, retail warehouses and office buildings.
Source: europe-re.com on the 21st of May, 2024
https://europe-re.com/m7-completed-62m-refinancing-of-dutch-portfolio/73041