M7 acquires light industrial portfolio in CEE for CEREF I

6 June 2017

London, 6 July 2017 -  M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic, on behalf of M7 CEREF I (the “Fund”), from a joint venture between Partners Group and Cromwell Property Group.

M7 has now acquired 19 properties with a total value of circa €127.5 million on behalf of the Fund, which invests in Core Plus and high yielding regional opportunities across CEE, since the final close was completed in April 2017. The target raise of €60 million of investor capital was reached and a senior debt facility of €68.5 million entered into with Starwood European Real Estate Finance.

This latest portfolio comprises 209,832 sq m across 276 units, with a 23.6% vacancy. Seven of the assets are located in Hungary, while the remaining four are in the Czech Republic.

The portfolio provides M7 CEREF I with both stable income from an existing tenant base, and also offers significant opportunities to create further value through the leasing of vacant units, targeted capital expenditure and lease extensions with existing tenants to enhance the WAULT.

David Ebbrell, Chief Investment Officer at M7 said, “We believe that a revitalised asset management strategy for this portfolio will enable us to capitalise on current occupier conditions in the region. The equity we raised in April has been efficiently deployed as we continue to secure properties where significant capital and income upside can be achieved which will deliver strong returns for the Fund.”

Karol Pilniewicz, Head of CEE at Cromwell Property Group, commented: “We are delighted to have completed the disposal of the Hungarian and Czech portfolio. The sale of this portfolio is in line with the business plan we had agreed with our investor prior to the acquisition of the fund. Since acquiring the portfolio in early 2016, we have generated an attractive 26% return for our partner on this portfolio.”

M7 Real Estate Netherlands B.V. fully lets Berchvliet/Sierenborch in Amsterdam

16 June 2017

Amsterdam, 16 June 2017 - M7 Real Estate Netherlands B.V. has completed three leases at Berchvliet 3-13/Sierenborch 14 in Amsterdam at the Pitstop complex, on behalf of its fund M7 EREIP IV. This has resulted in the asset becoming fully let. The Fund has owned the asset comprising 6,000 sq m since November 2016. The construction of Hornbach’s flagship retail store at the adjacent site has seen an increase in interest in the area and the Pitstop complex has correspondingly benefited. The asset is well located with easy access from the A10 and A5 ring roads and it also provides free parking. read more

M7 identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report

12 June 2017

London, 12 June 2017 - M7 Real Estate (“M7”), the pan-European investor and asset manager, is delighted to have been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain. Now in its fourth year the report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK. read more

M7 acquires light industrial portfolio in CEE for CEREF I

6 June 2017

London, 6 July 2017 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic, on behalf of M7 CEREF I (the “Fund”), from a joint venture between Partners Group and Cromwell Property Group. read more