By Richard Lowe2021-01-26T14:00:00+00:00
Oxford Properties Group, the real estate arm of Canadian pension fund OMERS, has confirmed that it is buying European fund manager M7 Real Estate.
The C$80bn (€51bn) real estate investor said it was making the acquisition as part of plans to deploy £3bn (€3.33bn) into multi-let industrial and urban logistics across Europe.
M7 Real Estate, which manages about €4bn of assets on behalf of third-party investors, will continue to operate as a standalone business, led by co-founders Richard Croft and David Ebbrell.
Under the new ownership, the company will have access to a greater pool of capital for both real estate and corporate investments.