M7 Real Estate (“M7”), the pan-European investor and asset manager, announces the acquisition of two recently developed logistics assets across key distribution hubs in Germany.
Together, the two high quality logistics assets comprise 30,800 sq m (332,000 sq ft) and are each 100% occupied by single tenants. They are strategically located in Düsseldorf and Kassel, both well-established logistics markets, with strong connectivity that supports consistent tenant demand.
The acquisition was undertaken on behalf of the European Supply Chain Income Partnership (“ESCIP”), the joint venture fund backed by AustralianSuper and Oxford Properties, reflecting the platform’s strategy to scale its portfolio across key logistics markets in Europe.
Miles Chuter, Director, Transactions at M7 Real Estate, commented: “With this transaction we’ve further strengthened our ESCIP platform by deploying €37.5 million into high quality logistics assets across strong locations in Germany where demand for well specified space continues to outstrip supply.”
“We continue to search for opportunities to deploy capital into well‑located mid‑box and urban logistics assets across key last mile European markets such as the UK, Germany, France, the Netherlands and Spain, as we continue to scale the ESCIP platform.”
M7 was advised by DLA Piper (Legal), TA Europe (Technical) and Nova Ambiente (Environmental).
