M7 Real Estate expands German logistics portfolio

Pan-European investor and asset manager M7 Real Estate has expanded its German holdings by acquiring a 19,000 m2, modern logistics property in Frankfurt. 

Raiffeisenstraße 5-7, Frankfurt - M7 Real Estate 

The Raiffeisenstraße 5-7 last-mile urban logistics facility, built in 2015, is fully leased to seven tenants, including Volkswagen, and offers potential for increased value. It has a WAULT of 2.3 years.
M7 plans to enhance the property through sustainable renovations, such as adding solar panels. 
This purchase was made for the European Supply Chain Income Partnership, a joint venture supported by M7's owners, global real estate investor Oxford Properties, and Australian superannuation fund AustralianSuper.
John Pow, managing director at M7 Real Estate, commented: “We have a strong conviction in the urban logistics market in Germany, particularly in infill markets such as Frankfurt, which remains significantly supply-constrained and has experienced strong prime rental growth over the last five years.”
M7 has now completed four investments in the UK and Europe for its ESCIP fund, as it aims to expand its presence in key European logistics markets. The company plans to grow its portfolio by €3.5 bn within the next three to five years. 
M7 currently manages 200,000 m2 of urban logistics properties in the German market.