M7 French Active Fund has raised €30m at first close; Makes first acquisitions for €60.2m. : Asset manager M7 Real Estates has raised around €30m from investors at the first close of its dedicated French fund. The pan-European real estate investor said M7 French Active Fund (M7 FAF) has seeded the fund with an initial acquisition of a portfolio of 23 assets in Greater Paris for €60.15m. The seed portfolio, which comprises multi and single-let urban logistics assets and business parks, offers 80,098sqm of accommodation and an initial yield of around 7%.