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 fully lets Norquest Industrial Estate, Leeds setting new rental tone

11 January 2019

London, 11 January 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager announces that, on behalf of a major fund, it has fully let Norquest Industrial Estate in Leeds at a new headline rental level of £5.50 psf. read more

M7 continues to back Newton Aycliffe as a key industrial location

10 January 2019

M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has acquired a single let industrial unit in Newton Aycliffe, County Durham for £1.37 million representing a net initial yield of 7% and a capital value of £23.32 psf. read more

M7 Real Estate purchases £22.4 million portfolio of assets for REIP VI

10 January 2019

London, 10 January 2019 - M7 Real Estate, the pan-European real estate investor and asset manager, announces that, on behalf of M7 Real Estate Investment Partners VI (“M7 REIP VI”), it has acquired a total of six office and logistics assets, from six vendors, for £22.4 million. read more