Real Estate has launched a joint venture with a US investment manager and opened a Lisbon office.
The London-based investment manager said it would invest β¬250m in Portugal with a βwell-capitalised US investment managerβ.
The company works with Oaktree, Starwood, HIG Capital, Goldman Sachs and M&G Investments.
Richard Croft, M7 Real Estateβs chief executive, said the company had a βhealthy pipeline of potential investments with which to build a meaningful portfolio of income-producing assetsβ.
He added: βPortugal is on the radar of many real estate investors because of its improving economy and attractive pricing.β
M7 appointed Leonardo Peres as managing director for Portugal and opened a Lisbon office.
Peres, who joins M7 from CBRE, will be responsible for acquisition and asset management programmes.
