The fund was supported globally, raising capital from over 30 investors, including two major US investors as well as investors from Hong Kong and the Middle East.
With a total investment capacity of over €800 million, EREIP IV has already acquired €500 million of assets, with a pipeline of €250 million targeted.
According to M7, it will target value-add multi-let commercial property in Germany, the Netherlands, France and Scandinavia, and be fully invested by the beginning of 2018.
Richard Croft, chief executive of M7, said: “This is M7’s largest fund so far and we have successfully continued to raise investor capital from a number of sources which demonstrates their belief in M7’s strategy and execution.”
“The capital is being actively deployed and we have a number of asset management initiatives underway which will deliver value and attractive investment returns for our investors.”