M7 sells London residential development opportunity for over £13 million

7 October 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed the sale of Becketts House and Caxton Place in Ilford, London, a former office building which has been proactively repositioned for residential use, on behalf of M7 Real Estate Investment Partners V (“REIP V” or the “Fund”), for in excess of £13 million. The price reflects a capital value in excess of £250 per sq ft.

M7 acquired the former 53,000 sq ft of office building as part of a wider portfolio in 2016. Given the local need for housing, the building’s close proximity to the City of London and the planned arrival of Crossrail in 2020, M7 identified an opportunity to seek a change of use for over 100 private residential dwellings through Permitted Development.

Having achieved this in July 2019, M7 implemented a proactive asset management programme to enable vacant possession of the building. Following a marketing campaign in conjunction with Savills earlier this year, in which some 15 bids were received, a sale was agreed in the summer and successfully completed in September 2019.

John Murnaghan, Head of UK and Ireland at M7, commented: “In spite of the ongoing political uncertainty, this demonstrates that there is continued investor appetite for well-located residential opportunities close to the City of London. This sale follows the execution of our business plan for this asset which has enabled us to extract significant returns for our investors. The proceeds will be re-invested into our acquisition pipeline and asset management initiatives as we continue to drive attractive sustainable income returns.”

M7 successfully regears lease at Aveiras 4, Lisbon

27 May 2020

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has successfully regeared a lease with the existing tenant, Carreras, at Aveiras 4, on behalf of the M7 Portuguese Active Fund (“M7 PoRAF”). read more

M7 puts best foot forward to raise over €7,000 in 20 days for 87 different charities across Europe

26 May 2020

Over 160 members of the team at M7 Real Estate (“M7”), the pan-European investor and asset manager, have raised a total of more than €7,000 for 87 charities of their choice. read more

TTB acquires minority stake in M7 amid continued Asian appetite for European real estate

22 May 2020

TTB Partners, a Hong Kong based investment and advisory firm, today announced the acquisition of a minority stake in M7 Real Estate. The investment is the latest step in a wider collaboration between the two companies, as they seek to capitalize on the continued appetite from Asian investors for European real estate. TTB will utilize its own network of contacts in the region to access new capital pools looking to invest in UK and pan-European real estate, either through joint ventures or through investment funds. read more