Mstar Europe, a joint venture established by UK-based M7 Real Estate and US-based Starwood Capital Group, acquired nine logistics properties near Frankfurt, Cologne and Stuttgart, as part of a €74.5m package of light warehouse space. Two more transactions are pending completion. The rest of the properties are located across the Netherlands, including cities like the Hague, Rotterdam, and Utrecht. The portfolio includes 181,000 sqm of leasable space with a vacancy rate of 7.7 percent. The assets will be managed by M7 Real Estate.
