London-based real estate investment firm M7 Real Estate has bought four multi-let office and light industrial assets in France, on behalf of its M7 French Active Fund (M7 FAF), for 35.5 million euros ($40.5 million), in four separate deals.
The transactions consist of 59,944 square meters of accommodation which is 99 percent occupied by 20 tenants.
Three of the assets are located near Paris and the remaining asset is close to the northern city of Rouen and is long-let to a technology company.
Having secured $69 million and following a final close in October 2018, these deals mean that M7 FAF is now fully infused with assets under management of about $131.2 million.