M7 completes sale of Oregon House, Prague following transformative asset management programme

5 February 2018

Prague, 5 February 2018 - M7 Real Estate Ltd (“M7”), the pan-European investor and asset manager, announces that it has completed the sale of Oregon House in Prague on behalf of M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”) to BHS German Real Estate Fund.

Oregon House is a 14,550 sq m modern office building prominently located in Prague’s 13th district. The property was originally acquired on behalf of the Fund in October 2016 with a high vacancy level of over 35%. M7 identified an opportunity to create value by undertaking an intensive asset management programme. This has led to five new leases, comprising 5,000 sq m of space. Current occupancy is approaching 85%. The rental values have been increased at an average of 14% ahead of ERV and the WALT has increased to over four years.

Paul Betts, MD Central Europe for M7 commented: “This sale demonstrates our ability to successfully identify attractive assets and execute a business plan to deliver excellent returns for our investors. Since acquiring the property in 2016, M7 has applied its market expertise as an investment and asset manager to transform the property, at the same time as significantly improving occupancy and rental tone.”

M7 CEREF I was advised by White & Case and ASB Group.

BHS was advised by HKDW, PWC and BNP Paribas Real Estate.

M7 Real Estate secures five new lettings in Vianen, The Netherlands

15 February 2018

The Netherlands, 15 February 2018 - M7 Real Estate (“M7), the pan-European real estate investor and asset manager, announces that it has completed five new office lettings totalling 2,830 sq m on behalf of the M7 European Real Estate Investment Partners II (“M7 EREIP II” or the “Fund”) at Witboom 1 and Lange Dreef 10 in Vianen, The Netherlands. As a result of these lettings, the occupancy of the complex, which has undergone an active asset management programme involving the upgrade and modernisation of the internal and external space, has increased to 70% from 35% since the previous anchor tenant Landré Beheer left in November 2016. read more

M7 completes sale of Oregon House, Prague following transformative asset management programme

5 February 2018

Prague, 5 February 2018 - M7 Real Estate Ltd (“M7”), the pan-European investor and asset manager, announces that it has completed the sale of Oregon House in Prague on behalf of M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”) to BHS German Real Estate Fund. read more

M7 completes sale of €121 million of industrial assets to Blackstone

2 February 2018

London, 2 February 2018 - M7 Real Estate Ltd (“M7”), the pan-European investor and asset manager, announces that it has completed the sale of a portfolio of 28 European industrial assets for €121 million. read more