M&G Real Estate acquires 250,000 sq ft of industrial space in West Yorkshire and Hampshire

11 December 2017

London, 11 December 2017 - M&G Real Estate, one of the UK’s leading property investors, continues to grow its £2.4 billion industrials portfolio with two new industrial assets totalling over 250,000 sq ft. The acquisition of Maple & Confederation Park and Mill Lane Industrial Estate, purchased for £9.25 million and £7.72 million respectively, support Project King, a multi-let industrial portfolio owned by M&G Real Estate and managed by M7 Real Estate.

The 157,424 sq ft Maple & Confederation Park is located in one of Leeds city’s prime industrial heartlands within easy reach of the M621 while Mill Lane Industrial Estate provides 105,464 sq of accommodation close to Alton town centre and A31.

Chris Jeffs, Investment Manager at M&G Real Estate, says: “With the trend for same day or same hour delivery, urban logistics centres such these can help fulfil shorter delivery times while large efficient warehouses are required to handle large quantities of deliveries.

“Both estates are strategically located within markets that have a distinct lack of good quality industrial space and therefore, with active management, have excellent prospects for growth. We will continue to expand our King platform which, with the help of the team at M7, provides our investors with a uniquely diversified exposure to the industrial market.”

Alex Woodall, Divisional Director at M7 Real Estate, adds: "Both assets complement the existing King portfolio and provide an opportunity for us to work with M&G Real Estate to increase value through a combination of void reduction and rental growth. The assets provide excellent access to the UK motorway network and are strategically positioned to take advantage of the current supply versus demand dynamic."

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