M7 Real Estate has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic from a joint venture between Partners Group and Cromwell Property Group. The portfolio covers 209,832 sqm, with seven of the assets located in Hungary and the remaining four in the Czech Republic. M7 has acquired 19 properties with a total value of around €127.5m on behalf of its CEREF I fund, which invests in Core Plus and high yielding regional opportunities across the CEE region, since the final close was completed in April. The target raise of €60m worth of investor capital was reached as well as a senior debt facility of €68.5m entered into with Starwood European Real Estate Finance.
