M7 Real Estate, the pan-European real estate investor and manager, announces that it has acquired four last mile logistics properties in Portugal, via three separate off-market transactions, on behalf of funds managed by Blackstone, the world’s largest alternative investment manager.
The assets, which comprise a total of c. 36,400 square meters are located in Porto and Lisbon, and were acquired from Santander Asset Management, Interfundos, as well as DSV.
The properties feature a diverse and attractive mix of occupiers including DSV and Rangel. M7 will pursue an active asset management strategy aimed at driving the income profile of the assets by leasing up the existing 16% vacancy within the properties and reducing NOI leakage.
You can now read the full press release at the link below