M7 achieves new record rent in South Lancashire

1 August 2017

London, 1 August 2017 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, acting on behalf of a major financial institution, it has secured the letting of over 63,000 sq ft of warehouse accommodation to Pallet-Track at the South Lancashire Industrial Estate in Ashton, Makerfield.

Pallet-Track, the UK’s fastest growing overnight-palletised freight network has agreed a 10 year lease at £330,000 pa, equating to £5.17 psf, setting a new headline rent for refurbished secondary space in the area, reflecting both strong demand and limited supply in the region. The significant refurbishment and reconfiguration of the unit by M7 following the lease expiry of the previous tenant, provides a more modern and useable space that benefits from strong links to the M6 and is in close proximity to Wigan, Liverpool and Greater Manchester via the A580.

Pallet-Track was founded in 2004 in Wednesbury near Staffordshire, before relocating to a new 267,000 sq ft Central Hub in Wolverhampton in 2008. This new 63,000 sq ft unit in Lancashire represents the business’s first in the region and is a part of its plans to expand across the UK.

John Murnaghan, Head of UK Real Estate at M7 commented: “The comprehensive refurbishment and improvement of the asset has repositioned it in the market to meet the demands of logistics operators. M7 began the refurbishment in January this year and the letting to Pallet-Track crystallises a 55% uplift against the previous rent demonstrating the strong demand for this type of quality product.” B8 Real Estate acted for M7 Real Estate.

M7 secures new lettings to fully let its Portuguese portfolio

9 January 2018

Portugal, 9 January 2018 - M7 Real Estate (“M7”), the pan-European real estate investor and asset manager, announces that it has agreed a number of new lettings across its circa 22,000 sq m Portuguese light industrial portfolio, bringing the total occupancy to 100% and increasing the average lease length by 45% to 2.62 years. The portfolio, which comprises two industrial parks in the Greater Lisbon area, was acquired by M7 in a joint venture in January 2016. M7 acts as asset manager for the assets through its Lisbon based team, which is headed by Leonardo Peres. read more

M7 makes first Danish investment for M7 EREIP IV with €69.8 million of acquisitions

4 January 2018

London, 4 January 2018 - M7 Real Estate, the pan-European investor and asset manager, announces that it has undertaken its first investment in Denmark on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), acquiring 10 logistics assets for a total of €69.8 million. read more

M7 Real Estate Investment Holdings acquires the M7 Multi-Let Seed Portfolio for circa £117 million

18 December 2017

London, 18 December 2017 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has acquired 92 primarily UK regional multi-let assets comprising the Marble Portfolio and M7 REIP II (from separate vendors) for a combined purchase price of circa £117 million. The acquisitions have been made on behalf of M7 Real Estate Investment Holdings, a wholly owned subsidiary of M7 Real Estate Limited. M7 has provided the equity with financing for the purchases secured through senior debt together with a loan note that will be listed in the Channel Islands on the International Stock Exchange. A number of existing and new third party investors have taken up the loan note component of the offer. read more