British property investment management company M7 Real Estate has acquired seven light industrial and logistics properties in four separate transactions for a total of 35 million euros ($39 million).
The properties, comprising a total floor area of 75,232 square meters of predominantly light industrial and logistics space, are located in Lisbon, Porto and Évora, in central Portugal.
M7 Real Estate acquired the portfolio, which is 90 percent let to 13 occupiers, on behalf of the M7 Portuguese Active Fund (M7 PORAF).
With the deals, which form the second tranche of capital deployed on behalf of M7 PORAF, complete the acquisitions for the fund which has targeted value add investment opportunities in key regional Portuguese markets.