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.

Property firm M7 to float new company to target booming regional market

10 October 2017

As reported by Rhiannon Bury Business Reporter at The Daily Telegraph, on 10 October: Property company M7 Real Estate is looking to raise a £300m fund for regional buildings through a new listed company that will float on the London Stock Exchange. read more

M7 purchases €142.9 million of Dutch assets for M7 EREIP IV

27 September 2017

London, 27 September 2017 - M7 Real Estate, the pan European investor and asset manager, announces that it has invested a further €142.9 million in 34 office assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”). A total of €575 million has now been deployed on behalf of the Fund, which was launched with a €175 million first close in October 2016 to target value-add multi-let commercial real estate opportunities in Germany, the Netherlands, Ireland, France and Scandinavia. read more

M7 Real Estate Netherlands B.V. rents 1,105 sq m in Utrecht to DVTadvies B.V.

15 September 2017

Amsterdam, 15 September 2017 - M7 Real Estate Netherlands B.V. has completed a lease on behalf of its fund, EREIP III Dutch Propco 2 B.V., at Savannahweg 25 in Utrecht resulting in the property becoming fully let. The high quality office building is located on the “Lage Weide” Business Park in Utrecht which has good access to the A2. read more