M7 Real Estate completes two lettings at Falcon Business Centre, Mitcham to set record rent

26 March 2018

London, 26 March 2018 - M7 Real Estate, the pan-European investor and asset manager, announces that, acting on behalf of a major institutional fund, it has completed two lettings totalling 11,070 sq ft at Falcon Business Centre, Mitcham. The estate is now 100% occupied.

Falcon Business Centre is located in the heart of the Willow Lane industrial area in Mitcham. The estate extends to a total of 26,220 sq ft. contained within eight units. M7 were appointed asset manager in September 2017 with the void rate standing at 42% (11,070 sq ft in three units).

Unit 9 (3,400 sq ft) was let in October 2017 to Great Tyres UK, an online vehicle tyre retailer, on a 10 year term at a headline rent of £11.00 per sq ft.

This was then superseded in January 2018 with the letting of units 1 and 2 (7,670 sq ft) to cocktail manufacturer Twenty First Amendment, who took a ten year term at a rent equating to £13.00 per sq ft, a new headline rent for the estate.

Daniel Roberts, Asset Manager at M7 Real Estate commented, “Through intensive asset management we are delighted that we have been able to achieve 100% occupancy within three months of appointment and set a record headline rent for the estate. The uplift in rents achieved show that demand remains strong in the greater London area and with stock dwindling, rents are likely to remain at high levels.”

M7 Real Estate passes full medical at Upper Parliament Street with letting to first General Practice Federation in Nottingham

13 April 2018

London, 13 April 2018 – M7 Real Estate (“M7”), the pan-European investor and asset manager, acting on behalf of M7 Real Estate Investment Partners III (“M7 REIP III”), has completed the letting of 11,256 sq ft to the Nottingham City General Practice Alliance (“NCGPA”), Nottingham’s first General Practice Federation, at Upper Parliament Street. read more

M7 Real Estate agrees record rent at Protea Way Industrial Estate, Letchworth Garden City

3 April 2018

London, 3 April 2018 - M7 Real Estate, the pan-European investor and asset manager, announces that, acting on behalf of investors, it has completed a leasing transaction of 5,749 sq ft at Protea Way Industrial Estate, Letchworth Garden City. read more

M7 Real Estate sells light industrial property in Sindelfingen to W2 Development

27 March 2018

Frankfurt, 27 March 2018 − M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold a light industrial property in Sindelfingen, near Stuttgart on behalf of TEIF Germany S.à r.l., a property company owned by a US investment company. The purchaser is W2 Development GmbH, Stuttgart. read more