M7 acquires light industrial portfolio in CEE for CEREF I

6 June 2017

London, 6 June 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 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