M7 agrees largest letting in Wigan in a decade with new Shearings HQ

12 September 2017

London, 13 September 2017 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that on behalf of M7 Real Estate Investment Partners II (“M7 REIP II”), it has secured the letting of 18,000 sq ft of prime office space to Shearings Leisure Group (“Shearings”) at Waterside House in Wigan, Greater Manchester, the largest letting by sq ft to take place in Wigan since 2007.

Shearings, the specialist operator of escorted tours and leisure hotels, has agreed a 10 year lease for three floors of previously vacant Grade A accommodation in Waterside House. Waterside House benefits from close proximity to the A49 with easy access to the M6, offering excellent connectivity to the centre of Manchester as well as the rest of the UK. Following this letting, Waterside House has only one vacant 7,500 sq ft floor remaining. Shearings is the UK’s largest escorted tour operator, offering a broad range of holidays and hotel breaks to more than 200 destinations across the UK,Europe and Worldwide and has been established for over 114 years.

John Murnaghan, Head of UK Real Estate at M7 commented, “This letting further demonstrates the attractiveness of Grade A accommodation in regional office locations, something that has been a key factor in the outperformance of M7 REIP II.

“Waterside House is considered the best office in Wigan due to its unparalleled location and quality of space, and as a historic and well-established local business, Shearings is the ideal tenant for this building and we are pleased to have provided their team with a new HQ in a space that truly reflects both the business’s brand and Wigan heritage.”

Gary Speakman, CFO and Deputy CEO at Shearings commented, “Having conducted a thorough search for our new head office, we were delighted to secure Waterside House, which we regard as the best office space in Wigan. The building itself and the location fits well with our growth strategy for the Shearings Leisure Group. M7 engaged with us positively from the outset which has enabled us to complete the deal relatively quickly."

Shearings were advised on the deal by Rob Hayes of Schofield Sweeney LLP and Dan Crawshaw of Parkinson Real Estate.

M7 Real Estate enters Northern Ireland with Belfast office acquisition

18 July 2018

London, 18 July 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, has acquired an office property at 20 Adelaide Street, Belfast for £2.4 million, on behalf of M7 Real Estate Investment Partners III (“M7 REIP III”). The asset, which comprises 21,021 sq ft, represents M7’s first investment in Northern Ireland and is being acquired from receivers Ernst and Young following a two-stage bidding process. read more

M7 Real Estate acquires €140 million of assets for EREIP IV

11 July 2018

London, 11 July 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has recently completed the acquisition of €140 million of assets on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), its largest fund to date, with a further €35 million of assets expected to complete over the summer. These acquisitions comprise 68 assets and are being acquired through a combination of portfolio and individual transactions and total 331,000 sq m across Denmark, Germany and the Netherlands. read more

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