M7 Real Estate has acquired seven light industrial and logistics assets in four separate transactions on behalf of the M7 Portuguese Active Fund (M7 PORAF) for a total of €35m. The properties, comprising a total floor area of 75,232m² of predominantly light industrial and logistics space, are located in Lisbon, Porto and Evora, in central Portugal. The portfolio is 90% let to 13 occupiers, including Schnellecke, DSV and Continental and has a WALT of 2.2 years.
Leonardo Peres, Managing Director M7 Portugal, commented: “These final acquisitions complete the investment period for this Fund providing a strong and diversified return whilst offering multiple value-add opportunities. In a supply-constrained market, this portfolio is an exciting opportunity for value and income creation through further asset management initiatives. Leveraging our track record in executing asset management programmes, our focus is now on delivering our business plan for the portfolio, which includes enhancing rental income and capital value.”
