M7 acquires £70 Million of UK retail warehouses for new Fund

20 August 2018

London, 20 August 2018 – M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has launched M7 Real Estate Investment Partners VIII (“M7 REIP VIII” or the “Fund”), to target retail warehouse assets in the UK. M7 has made an initial acquisition of nine UK retail warehouse assets for £69.9 million and is under offer to acquire a further asset for £7.6 million.

These acquisitions, of one portfolio and two assets, are in line with the Fund’s strategy of investing in first and second generation retail warehouse assets in the UK.

The seed portfolio is 99% let to 30 tenants and comprises 630,896 sq ft across 31 units. The assets are located across the UK in Aintree, Blackpool, Castleford, Glasgow, Lowestoft, Nottingham, Pontefract, Wolverhampton, St Helens and Stoke-On-Trent. Tenants include The Range, B&M, Go Outdoors, Matalan and Iceland and the portfolio has a combined WALT of nine years.

Will Hunting, Senior Acquisitions Manager at M7, commented, “These assets are a great starting point for the fund and provide a strong, defensive and diversified income return whilst also offering multiple value-add opportunities.”

M7 Sells Pennywell Road, Bristol for Housing

19 September 2018

London, 19 September 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently sold a vacant industrial building of circa 89,652 sq ft in Bristol on behalf of a major financial fund. Pennywell Road was leased to Aviva who had not been in occupation for a number of years. A comprehensive surrender premium covering all liabilities was agreed by M7 who took vacant possession of the premises. read more

M7 completes double Chester industrial letting totalling over 170,000 sq ft

5 September 2018

London, 5 September - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently completed two new lettings comprising over 170,000 sq ft of warehouse space at Deva 100, Matrix Court and Big Pal in Chester on behalf of a major financial fund. read more

M7 sells Fumbally Lane office complex, Dublin to BCP for €33.5 million

29 August 2018

London, 29 August 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold an office complex on Fumbally Lane, Dublin 8 in the Republic of Ireland, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV”), to BCP Fund Management DAC (“BCP”) for a total of €33.5 million, a capital value per square foot of €403 and a reversionary yield of 8.5% on today’s ERV. read more