M7 completes 62,000 sq ft of lettings in Colchester

28 November 2018

London, 28th November 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, acting on behalf of a major institutional fund, it has completed the letting of a total of 62,000 sq ft, across two units, on Severalls Business Park, Colchester.

The units were acquired in late 2017 as a single unit in a severely dilapidated condition and had stood vacant for a significant period. The decision by M7 to divide the unit into two and undertake a comprehensive refurbishment resulted in a materially improved level of occupational interest. Indeed, both units went under offer prior to practical competition of the works.

Phoenix Aromas have taken 36,000 sq ft on a 15-year term, relocating from premises in Loughton, whilst Vegtrug have taken the remaining 26,000 on a 10-year term, expanding from premises nearby. Both lettings were at headline rents of £6.75 per sq ft.

Daniel Roberts, Senior Asset Manager at M7 Real Estate commented: “These lettings represent an excellent outcome for M7 and facilitate investment and job growth for Colchester. The decision to refurbish and split the units was central to attracting international calibre tenants and to setting market leading rental levels, which were c.25% higher than when last occupied.”

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%. read more

M7 completes 62,000 sq ft of lettings in Colchester

28 November 2018

London, 28th November 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, acting on behalf of a major institutional fund, it has completed the letting of a total of 62,000 sq ft, across two units, on Severalls Business Park, Colchester. read more

M7 agrees sale of pan-European light industrial portfolio for c.€486 million

26 November 2018

London, 26th November 2018 – M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has reached an agreement along with its joint venture partner, Starwood Capital (“Starwood”), for the sale of MStar Europe for c.€486 million to a global asset management and financial services business. The sale comprises a portfolio of 50 light industrial assets, which will continue to be managed by M7. read more