M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that Richard Croft has made the decision to step down from his role as executive chairman of M7.
David Ebbrell, CEO and one of the founders of the business with Croft, will take over full responsibility for the management of the company, supported by the remaining six members of the M7 leadership team, which includes five co-founders.
Richard’s departure comes two years after M7 was acquired by Oxford Properties in January 2021. The change is a result of long-term planning and the success of the working relationship between the two businesses.
Since the acquisition, M7’s assets under management have grown from around €4 billion to approximately €7 billion, with the firm placing an increased focus on targeting institutional capital.
Source: m7re.eu on the 1st of March
https://www.m7re.eu/news/david-ebbrell-to-head-m7-real-estate-as-richard-croft-steps-down-as-executive-chairmean/