Oxford Properties-backed M7 Real Estate completed the acquisition of a portfolio of seven UK logistics assets of M&G UK Property for £202.5m.

Oxford Properties-backed M7 Real Estate, a property management company, completed the acquisition of a portfolio of seven UK logistics assets of M&G UK Property, a real estate investor, for £202.5m. “This transaction kickstarts our program to acquire larger distribution and warehouse assets, a key pillar of our pan-European logistics strategy. The purchased portfolio comprises seven high quality assets that offer the potential for strong rental growth due to their prime locations in the country’s major logistics markets. Our portfolio now comprises both big-box and last mile logistics assets across the UK, France, Germany and the Nordics, as well as a substantial development pipeline. As a result, we are making strong, yet highly-targeted progress against one of our highest conviction investment strategies to build a pan-European logistics business of scale,” Pierre Leocadio, Oxford Properties Head of Investments Europe.