After entering the Hungarian market in 2016, M7 Real Estate has chosen the Budapest office of CBRE to manage the entire Hungarian real estate portfolio within the M7 CEREF I Fund.
M7’s Central European Real Estate Fund I acquired two retail centres, the Atom Centre in Paks and Csillagvár Shopping Centre in Budapest, together with a logistics warehouse in Dunaharaszti in late 2016. The pan-European investor continued to increase its presence in 2017 with the acquisition of properties including the 62,000 sqm Aerozone Logistics Park in Vecsés, Eger Business Park (totalling 72,000 sqm), the Liget Centre (10,900 sqm) as well as a further five logistics centres in the area surrounding Budapest. M7 CEREF I now has circa 210,000 sqm of retail, office and industrial property in Hungary.
CBRE is also actively working with M7 to help create a new retail concept for Csillagvár Shopping Centre in Budapest.
M7 Real Estate manages circa 800 assets, comprising 7 million sqm and circa €4.1 billion. In Central and Eastern Europe, M7 has offices in Bratislava, Budapest, Prague, Warsaw and Zagreb with a team of 16 people.
