M7 European fund achieves €400m final close

M7 Real Estate has raised €400m (£356m) in the final close of its largest fund, M7 European Real Estate Investment Partners IV.

The final raise gives M7 EREIP IV a total investment capacity of more than €800m, including gearing, of which more than €500m has already been deployed.

It has also identified a pipeline of €250m of assets, continuing to target value-add multi-let commercial real estate in Germany, the Netherlands, France and Scandinavia.

M7 said it anticipates the fund will be fully invested by the beginning of 2018.

Richard Croft, chief executive of M7, said: