M7 acquires light industrial portfolio in CEE for CEREF I

6 June 2017

London, 6 June 2017 -  M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic, on behalf of M7 CEREF I (the “Fund”), from a joint venture between Partners Group and Cromwell Property Group.

M7 has now acquired 19 properties with a total value of circa €127.5 million on behalf of the Fund, which invests in Core Plus and high yielding regional opportunities across CEE, since the final close was completed in April 2017. The target raise of €60 million of investor capital was reached and a senior debt facility of €68.5 million entered into with Starwood European Real Estate Finance.

This latest portfolio comprises 209,832 sq m across 276 units, with a 23.6% vacancy. Seven of the assets are located in Hungary, while the remaining four are in the Czech Republic.

The portfolio provides M7 CEREF I with both stable income from an existing tenant base, and also offers significant opportunities to create further value through the leasing of vacant units, targeted capital expenditure and lease extensions with existing tenants to enhance the WAULT.

David Ebbrell, Chief Investment Officer at M7 said, “We believe that a revitalised asset management strategy for this portfolio will enable us to capitalise on current occupier conditions in the region. The equity we raised in April has been efficiently deployed as we continue to secure properties where significant capital and income upside can be achieved which will deliver strong returns for the Fund.”

Karol Pilniewicz, Head of CEE at Cromwell Property Group, commented: “We are delighted to have completed the disposal of the Hungarian and Czech portfolio. The sale of this portfolio is in line with the business plan we had agreed with our investor prior to the acquisition of the fund. Since acquiring the portfolio in early 2016, we have generated an attractive 26% return for our partner on this portfolio.”

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