Lawyers from Carey Olsen's corporate team in Jersey have advised leading pan-European commercial real estate investor and asset manager M7 Real Estate on its proposed sale to Oxford Properties.

The acquisition, which is conditional on receipt of regulatory approval, will see M7 continue to operate as a standalone business under the day-to-day management of the current leadership team, led by Richard Croft and David Ebbrell.

For Oxford Properties, it provides the UK-headquartered real estate investment firm with a specialist asset and investment management platform, which will be transformational in its ability to accelerate its deployment of capital into multi-let industrial and urban logistics across Europe.

Working alongside onshore counsel Macfarlanes, the Carey Olsen team advising the senior management team and majority shareholders of M7 Real Estate on the sale was led by partner James Mulholland, assisted by counsel Claire Le Quesne and associates Miriam Doukhan and Stephanie Hobbs.

The same Carey Olsen team has also advised M7 Real Estate along with Kamco Invest Group on the acquisition of three regional UK office buildings for £62.5 million in three separate transactions in Bristol, Cardiff and Maidenhead. Onshore counsel for these transactions was Addleshaw Goddard.

The properties, which extend over a total of 214,000 sq ft, are fully occupied by a number of investment-grade tenants including SAP, Atradius and TSB, with an average unexpired lease term of 6.5 years.

James said: "We were delighted to advise M7 on its recent activity, particularly such a significant milestone in the story of the business since its launch 11 years ago. The transaction provides M7 with the support and resources of a significant global real estate investor to take the next step on its journey."