Oxford Properties to buy M7 Real Estate
Oxford Properties Group has agreed to buy M7 Real Estate in a deal it says will boost its logistics exposure as it gears up to deploy £3bn into the sector across Europe.
The transaction, expected to complete by the summer, will see M7 continue to operate as a standalone business under its current leadership team, headed by chairman Richard Croft and chief executive David Ebbrell.
Jo McNamara, executive vice president for Europe at Oxford Properties, said the deal will allow the company to “significantly expand and accelerate our investment in [logistics] across Europe”.
Oxford Properties Group has agreed to buy M7 Real Estate in a deal it says will boost its logistics exposure as it gears up to deploy £3bn into the sector across Europe.
The transaction, expected to complete by the summer, will see M7 continue to operate as a standalone business under its current leadership team, headed by chairman Richard Croft and chief executive David Ebbrell.
Jo McNamara, executive vice president for Europe at Oxford Properties, said the deal will allow the company to “significantly expand and accelerate our investment in [logistics] across Europe”.
James Boadle, senior vice president for Europe at Oxford Properties, added: “The industrial and logistics sector continues to be supported by significant tailwinds, with e-commerce penetration, evolving supply chains and the impact of technology on every aspect of society creating a supply demand imbalance in all our markets.”
M7’s Croft said: “This transaction provides us with the support and resources of a significant global real estate investor which shares both our entrepreneurial ethos and our strong ambition to grow the M7 business substantially over the next few years to create a truly world-class industrial-focused asset and investment management platform.”
The deal will also give Oxford Properties access to proptech ventures backed by M7, including asset management software firm Coyote.
Set up in 2009, M7 today has €4bn (£3.5bn) of assets under management, with industrials, urban logistics and retail warehouses accounting for more than half of the AUM. The company employ 225 people in 14 countries.
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