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 鈧�250m in Portugal with a 鈥渨ell-capitalised US investment manager鈥�.
The company works with Oaktree, Starwood, HIG Capital, Goldman Sachs and M&G Investments.
Richard Croft, M7 Real Estate鈥檚 chief executive, said the company had a 鈥渉ealthy pipeline of potential investments with which to build a meaningful portfolio of income-producing assets鈥�.
He added: 鈥淧ortugal is on the radar of many real estate investors because of its improving economy and attractive pricing.鈥�
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.
