M7 acquires Westlink Industrial Estate Dublin for €13.9 million

5 December 2018

London, 5th December 2018 – M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has purchased Westlink, a large multi-let industrial estate on the Kylemore Road, Ballyfermot, Dublin 10 in the Republic of Ireland, on behalf of an M7 managed fund. The asset has been acquired from a private investor in an off market transaction for a total of €13,870,000, which equates to €72.36 psf and reflects a Net Initial Yield of just under 7%.

Westlink Industrial Estate is located in the suburb of Ballyfermot, 7.5 km west of Dublin City Centre. The estate is strategically located approximately 3km from Junction 9 (Red Cow) of the M50, the main arterial road in Dublin. The well-known estate comprises 31 units and extends to approximately 192,000 sq ft.

Dublin has suffered a severe shortage of modern industrial stock over the last few years and against this backdrop, M7 will commence extensive upgrade works almost immediately to enhance the current offering and provide much needed, newly refurbished space to the market. The comprehensive repositioning of the asset, which has a 22% vacancy, will provide a platform to implement a lettings programme.

John Murnaghan, Head of UK and Ireland Real Estate at M7 said: “We are extremely pleased to have acquired Westlink which provides us with the rare opportunity to acquire an almost unbroken, quality estate in one of Dublin’s core industrial areas. We believe that Dublin Industrial close to the M50 is set to continue strong performance over the coming years. This is a great value add opportunity to apply an extensive programme of upgrade works across the remaining vacant units to further enhance the quality of the estate, improve occupancy levels and rapidly secure rental growth.”

Newly refurbished units from 4,800 sq ft to 21,200 sq ft will be available to let from Q1 2019. JLL and CBRE are acting for M7 as joint letting agents.

M7 acquires €45 million of office assets for new €120 million Polish fund

8 April 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, on behalf of M7 Polish Active Fund (“M7 POLAF” or the “Fund”), it has acquired three multi-let office assets in Poland in separate transactions for a total of €45 million which will form the first tranche of capital deployed for the Fund. read more

M7 closes retail warehouse fund with acquisition of five assets for £24.8 million

4 April 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, on behalf of M7 Real Estate Investment Partners VIII (“M7 REIP VIII” or the “Fund”), it has acquired a total of five retail warehouse assets for £24.8 million reflecting an in place net initial yield of 8%. read more

M7 Real Estate completes €75 million of disposals in Central Europe maintaining AUM at €285 million

11 March 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has completed €75 million of disposals across Central Europe in 2018 on behalf of both in house funds and third party mandates. M7 maintained Assets Under Management in Croatia, the Czech Republic, Hungary, Slovakia and Poland at €285 million, with a portfolio comprising 375,000 sq m of multi-let office and industrial space. In addition, M7 completed circa 50 leasing events, including new leases and lease re-gears. read more