M7 Real Estate’s Sale of Mani Business Centre
M7 Real Estate has announced the completion of the final sale on behalf of the M7 Central European Real Estate Fund I (M7 CEREF I) with the disposal of the Mani Business Centre in Zagreb, Croatia, to Raiffeisen Pension Insurance Company.
This sale completes the divestment of the M7 CEREF I value-added fund, which comprises a portfolio of 21 logistics, office and retail assets across major European markets. The divestment generates total sale proceeds of €182 million.
M7 is a pan-European investor and asset manager that specialises in multi-tenanted properties. It acquired the 12,900 sqm Mani Business Centre in 2016 and implemented a strategy to upgrade the building and improve engagement with its occupiers. M7 will continue to manage the Centre on behalf of its new owner.
Macesic & Partners advised Raiffeisen Pension Insurance on the sale. DTB advised M7.
