DLA Piper advises M7 Real Estate on expansion of German portfolio with last-mile logistics acquisition

DLA Piper has advised M7 Real Estate, a pan-European investor and asset manager specialising in multi-tenanted real estate and logistics properties, on the expansion of its German portfolio through the acquisition of a 19,000 sqm, high-quality last-mile urban logistics asset near Frankfurt, Germany.

The transaction involved Raiffeisenstraße 5-7, a property comprising approximately 19,000 sqm of space across ten units, fully occupied by seven tenants including Volkswagen and BorgWarner. Built in 2015 to a high specification, the asset offers strong reversionary potential and will undergo a sustainability-led refurbishment, including the installation of solar panels. The acquisition was completed on behalf of the European Supply Chain Income Partnership (ESCIP), a pan-European industrial and logistics investment vehicle backed by Oxford Properties and AustralianSuper. This marks the fourth investment of M7 for ESCIP as it targets EUR3.5 billion of growth over the next three to five years.

M7 Real Estate, headquartered in London, operates across nine European countries and manages a portfolio of approximately 415 assets with a capital value of around EUR 5.6 billion. The company has a 15-year track record in Germany and currently manages 200,000 sqm of urban logistics space in the region.

The DLA Piper Real Estate team from our Frankfurt and Cologne offices was led by partner Fabian Mühlen and included Konstantin Decker-Horz, Dr Philipp Reclam, and Muhammet Yavuz. They were supported by partner Eike Neugebauer, associate Cennet Issenin (both Finance), counsel Albina Daka, and consultant Sabrina Ulbrich (both Tax).

From DLA Luxembourg, a team led by finance partner Xavier Guzman, with support from counsel Yann Zellet and associate Irene Tamés de la Sierra, was involved in the transaction.