M7 Acquires Logistics Assets in €41-Million Deal

6 November 2020M7 Real Estate has acquired a logistics portfolio in Portugal in two transactions totalling €41M, on behalf of a new joint venture with a Portuguese investment fund. The assets involved include ten industrial and office spaces.

The 85,600m² portfolio M7 acquired is the result of two separate transactions and comprises five logistics assets located in Lisbon and Porto; three office buildings in Lisbon; and two retail warehouses in Greater Lisbon and Madeira.

This operation was financed Novo Banco, which provided a €20.55m loan to finance the acquisition of the portfolio.

Original Story: Europe RE

Translation/Summary: RDT