M7 Real Estate has sold five office buildings and one retail property in the Netherlands, on behalf of M7 European Real Estate Investment Partners IV, in four separate transactions for a total of €11m. The assets which comprise a total of c. 14,000m² of office and c.1,000m² of retail space are located in Amersfoort, Burgh-Haamstede, Den Bosch and Rotterdam.
Remko Dickhaut, Managing Director of M7 in the Netherlands, said: “These asset sales demonstrate M7’s ability to execute a combination of asset management strategies including the letting up of vacant space to grow income, as well as identifying potential buyers - such as developers – who have a greater risk appetite, as per our asset-level business plans. The Fund’s successful sales demonstrate the value generated through asset management initiatives.”
