M7 Real Estate has acquired a portfolio of 31 urban and mid-box logistics assets in France and the UK from funds managed by Blackstone.
The transaction on behalf of Oxford Properties Group and AustralianSuper, was made through the European Supply Chain Investment Partnership (ESCIP) joint venture.
The newly acquired industrial property portfolio, which was managed by Mileway, comprises approximately 2.4 million ft2 of high-quality logistics space in Manchester, Leeds, Milton Keynes, Paris and Lyon.
These locations are seen as strategically attractive, Tier 1 logistics markets underpinned by strong demand, constrained supply and robust rental growth.
“With this acquisition we have secured a high-quality portfolio of well-located logistics assets into ESCIP which add significant scale and income to the portfolio,” said David Ebbrell, CEO at M7 Real Estate.
Alicia Peters, vice president at Oxford Properties, added: “By acquiring a portfolio of scale in supply-constrained urban markets, we have grown our portfolio to over 12 million square feet and €1.4 billion by value.”
Over the past 12 months, ESCIP reported €600 million of investment flowing into 40 assets making up around 4.2 million f2. The joint venture now owns and manages 116 prime European logistics assets.
According to plans announced earlier in 2025, ESCIP is aiming to build a €4.5bn (£3.8bn) portfolio in the next three to five years.
