LONDON / PARIS
M7 Real Estate (“M7”), the market leading European investment and asset management business jointly owned by Oxford Properties Group (“Oxford”) and AustralianSuper have announced the acquisition of a portfolio of 31 urban infill and mid-box logistics assets across key metropolitan markets in France and the United Kingdom. The acquisition was made through their European Supply Chain Investment Partnership (“ESCIP”) joint venture.
ESCIP now owns and manages over 12 million square feet, across 116 prime European logistics assets. The transaction marks a milestone in the joint venture’s strategy to scale the platform, with ~€600 million of investments flowing into 40 assets comprising ~4.2 million square feet in the past 12 months. This brings assets under management in ESCIP to €1.4 billion GAV.
The newly acquired portfolio, which was managed by Mileway while under the ownership of funds managed by Blackstone, comprises approximately 2.4 million square feet of high-quality logistics space, with assets strategically located in Manchester, Leeds, Milton Keynes, Paris and Lyon. These locations are strategically attractive, Tier 1 logistics markets underpinned by strong demand, constrained supply and robust rental growth.
The transaction is directly aligned with ESCIP’s ambition to scale the portfolio over the medium term. The assets offer immediate value creation opportunities for M7 to unlock through active asset management, near term rental reversion and ESG upgrades.
David Ebbrell, CEO at M7 Real Estate, commented: “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. Our local teams will undertake a number of value accretive asset management opportunities that we have identified to continue to enhance the portfolio. We are proud of the €600 million we have deployed in 2025. We intend to carry this momentum through 2026 and continue to progress with the pipeline of further opportunities we have assembled for ESCIP.”
Alicia Peters, Vice President at Oxford Properties, remarked: “This transaction demonstrates our continued conviction in the resilience and long-term growth of the European logistics sector. 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. The M7 team is well-positioned to deliver attractive returns through active asset management and support the continued expansion of our pan-European strategy by sourcing strong investment opportunities.”
Matthew Fidge, Investment Director at AustralianSuper, added: “Our partnership with Oxford and M7 continues to deepen, and this strategic acquisition is the latest example of the quality of investments this partnership can deliver for AustralianSuper’s members. The portfolio’s location in key target markets, asset quality and growth potential are well aligned with our shared strategy for ESCIP.”
