M7 Real Estate, a European investor and asset manager, has sold 30 properties across the Netherlands, via 26 individual transactions, for a total of €109.1 million so far this year to a mix of institutional and local investors.
The assets, encompassing 117,300 square metres, comprise 16 offices, 11 retail warehouses, two retail assets and one industrial warehouse.
Since acquiring the assets between 2015 and 2019, M7 has undertaken a number of asset management initiatives, including letting vacant space as well as regearing leases. This includes the repositioning and reletting of a portfolio of single-let retail warehouse units in 2022 following the departure of the former tenant, including repurposing several of the units for industrial and last mile logistics uses to attract a wider pool of occupiers and drive asset value.
The properties have been sold on behalf of M7’s pan-European value add funds, including M7 EREIP IV, M7 EREIP V, and M7 ISLAY, discretionary funds originally invested in the industrial, retail and office sectors in Germany, the Netherlands, Denmark, Finland and Ireland.
The Netherlands is M7’s second largest market outside of the UK. Further to these sales, M7 manages a total of €760 million of assets across 132 industrial and logistics, retail warehouse and office buildings.
Source: propertyeu.info on the 23rd of November