Accura has assisted a joint venture between a fund managed by Oaktree Capital Management and M7 Real Estate with the transfer of a portfolio of 25 Danish business properties to a newly established joint venture between a fund managed by The Blackstone Group International Partners LLP ("Blackstone") and M7 Real Estate.
Generally, the properties are multi-user properties located in several parts of Denmark. The transaction value is just under DKK 1bn.
Blackstone is one of the world's leading real estate investment firms and manages assets of more than USD 100bn.
M7 Real Estate, who will continue as a co-owner of the properties, will also continue as asset manager.
This transaction is 1 of a total of 5 transactions in which the joint venture between Blackstone and M7 Real Estate has acquired properties for a total amount of approx. DKK 12bn in a short time. For further information, please go to M7 Real Estate's website: http://www.m7re.eu/media/news/blackstone-m7-seal-13bn-hansteen-deal/
Mads Berg advised Oaktree Capital Management and M7 Real Estate.