M7 Real Estate, the pan European investment and asset manager, has refinanced and enlarged its Jersey listed bond to £30m. The refinance of the bond has been carried out by a substantial Hong Kong based Family Office.
The new facility will enable M7 to increase its level of co-invest in its various JV’s and funds as well as enabling it to acquire assets directly onto its own balance sheet.
As part of the transaction, the Family Office has agreed an option to acquire 25% of the business for an undisclosed price. Two representatives of the Family Office have joined the company’s board.
In addition to the finance agreement, M7 and the Family Office have entered into a strategic partnership to invest in high yielding real estate in the locations covered by the M7 platform and provide a distribution capability for M7’s funds into the Asian investor markets.
Richard Croft, M7’s Chief Executive, said “This is obviously a highly exciting development for the business and we are very much looking forward to working with our new partners to grow the business over the next few months.”
Sources suggest that one of the world’s best-known real estate dynasties, the billionaire Kwok family, is the Hong Kong connection behind the deal.
