Agência para o Investimento e Comércio Externo de Portugal


M7 Real Estate has acquired ten industrial and office assets in Portugal via two transactions for a total of €41m, on behalf of a new joint venture, the Portuguese Investment Fund with a major, global private equity firm. Portuguese bank, Novo Banco, has provided a €20.55m loan facility to finance the acquisition of the portfolio, marking a new banking relationship for M7.

PIF targets primarily logistics and office assets in Portugal with M7 acting as both investment and asset manager. The vehicle is M7’s second in Portugal where it manages a total of €132m of assets, including on behalf of the M7 Portuguese Active Fund (M7 PORAF), which targets value add real estate opportunities in regional Portuguese markets and is fully invested. The c. 85,600m² portfolio, acquired by M7 on behalf of PIF, was assembled through two separate transactions and comprises five last-mile logistics assets predominantly located in Lisbon and Porto; three office buildings in Lisbon; and two souls retail warehouse units in Greater Lisbon and Madeira.


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