Barings acquires Karstadt’s main German logistics facility for approximately €90 million from M7 Real Estate

6 March 2018

London, 6 March 2018 - Barings Real Estate, part of Barings LLC, one of the world’s largest diversified real estate investment managers, announces that it has acquired a 184,000 sq m logistics asset in Germany for approximately €90 million from a joint venture between a U.S. investor and M7 Real Estate (“M7”), the pan-European real estate investor and asset manager. Barings has acquired the property on behalf of a U.S. institutional investor and the purchase represents one of the largest transactions within the European logistics sector over the last 12 months.

The asset is fully let to the department store chain Karstadt until 2026 and it operates as their national distribution site. The asset is located in Unna, a city at the border of the Ruhrgebiet close to Dortmund, and is one of the leading logistics clusters in Germany due to the significant population in the state of Northrhine Westfalia and excellent transportation links offering both strong north-south and east-west connections.

Christoph Wittkop, Managing Director and Country Head, Germany at Barings, said: “Following recent acquisitions of logistics assets in both Spain and France, we are pleased to have now completed our first acquisition in this sector in Germany. We are planning to significantly increase our logistics exposure across Europe, including CEE, through the acquisition of existing assets as well as through forward funding or purchasing developments. We are targeting core to value add opportunities and will consider both single properties, as well as country-focused or pan-European portfolios.”

"By acquiring the Unna logistics scheme over two years ago, our timing was excellent. We quickly succeeded in generating an attractive investment product, for which there were numerous potential buyers. This enabled us to realise a significant value increase for the joint venture’s shareholders, while leaving further potential value creation for the purchaser,” explains Alyssa Huse, Managing Director of M7 in Germany.

Savills acted as agent on the transaction and Barings was advised by RLI Investors. Goodwin acted as legal adviser to Barings while Simmons & Simmons acted for the vendor.

M7 Real Estate signs six new tenants at Zagreb’s Mani Business Centre taking occupancy to 91%

18 June 2018

Croatia, 18 June 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has agreed six new lettings across circa 5,000 sq m of space at Mani Business Centre in Zagreb, Croatia. As a result of M7’s turnaround strategy for the property, the number of tenants has increased from 12 to 19, significantly improving the occupancy to 91% from 54% on acquisition. New tenants include a wide range of businesses including a facilities management service provider to construction and IT industry operators. read more

M7 Real Estate lets 2,350 sq m of logistics space in Gottmadingen

22 May 2018

Frankfurt, 22 May 2018 − M7 Real Estate (M7), the pan-European real estate investor and specialist asset manager, has let around 2,350 sq m of logistics space in Gottmadingen, near Konstanz in Baden-Wurttemberg. The new tenant of the property, at Industriepark 305, is Transco Süd GmbH Internationale Transporte. read more

M7 Real Estate identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report for 2nd year running

21 May 2018

London, 21 May 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that for the second year in succession it has been identified as one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain. The report is an acknowledgement of the UK’s fastest-growing and most dynamic small and medium sized businesses. M7 is one of 19 real estate companies named in the report. read more