The assets, which constituted part of a larger portfolio of some 209,832 sq m in 11 locations across the Czech Republic and Hungary, were acquired from Partners Group and Cromwell Property Group.  This brings the M7 portfolio in Hungary to over 260,000sq m.

Mike Edwards MRICS, Partner, Head of Capital Markets Group at Cushman & Wakefield in Hungary commented:  “Cushman & Wakefield has been involved with transactions for 10 assets involving M7 over the past year.  With nearly two thirds of assets within M7’s Central European portfolio in Hungary, this is a further show of confidence in our market and is a demonstration of the comparative value that Hungary delivers.”

M7 is a leading specialist in the pan-European, regional, multi-let real estate market. Wholly owned by its senior managers it has over 180 employees in 13 countries across Europe. The team manages over 800 retail, office and industrial properties with a value of circa €4.1 billion.

Cushman & Wakefield