M7 completes double Chester industrial letting totalling over 170,000 sq ft

5 September 2018

London, 5 September - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently completed two new lettings comprising over 170,000 sq ft of warehouse space at Deva 100, Matrix Court and Big Pal in Chester on behalf of a major financial fund.

FTS Hatswell (“FTS”), North Wales’ premier storage and distribution company, has agreed to let 104,000 sq ft at Deva 100 on a 15 year lease at a headline rent of £4.75 per sq ft. M7 acquired Deva 100 in March 2018, which had been vacant since its construction circa 10 years ago. Five months later, the asset is now fully let.

Separately, Big Pal in Deeside, which comprises 69,080 sq ft, has been let to Soleil Foodservice Limited (“Soleil Foodservice”) on a seven year lease at £3.90 per sq ft.

John Murnaghan, Head of Real Estate in the UK and Ireland, said: “Securing the letting at Deva 100 within five months of acquiring the unit is an indicator of the continued healthy demand for quality space in this region as well as our asset management capability. We are pleased to be working with both FTS and Soleil Foodservice to support their respective growth plans. We have been able to capitalise on our network and on the ground expertise in the region by relocating an existing tenant to a vacant unit within the portfolio whilst simultaneously securing a new tenant for their former unit”.

M7 was represented by Peloton Properties.

M7 goes green on its retail warehouse portfolio with Engenie partnership

6 November 2018

London, 6th November 2018 – M7 Real Estate Ltd (“M7”), the pan-European real estate investment and asset manager, is pleased to announce that it has entered into a partnership with Engenie to install electric vehicle (EV) rapid chargers across a number of M7’s out of town retail warehouse car parks, which is estimated to remove over 2.5 tonnes of harmful NOx from UK roads . read more

M7 acquires long let Eddie Stobart distribution warehouse asset at a 10% net initial yield

16 October 2018

London, 16 October 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired, on behalf of M7 Real Estate Investment Partners VI (“M7 REIP VI” or the “Fund”), five adjacent warehouse units let on a long term lease to Eddie Stobart Ltd (”Eddie Stobart”) in Workington, Cumbria for £6.295 million, representing a net initial yield of 10% and a capital value per sq ft of £13.22. The asset has been acquired from.the Stobart Group. read more

M7 increases co-operation with Maskun Kalustetalo Ltd and is now fully let in Porvoo

1 October 2018

Helsinki, 1 October 2018 - M7 Real Estate (“M7”), the pan-European real estate investor and asset manager has, on behalf of M7 Real Estate European Investments Partners IV fund (“M7 EREIP IV”), signed a lease for 1,301 sq m of retail space with Maskun Kalustetalo Ltd (“Masku”) at Ratsumestarinkatu 5, Porvoo. M7 and Masku have previously co-operated when Masku opened a large store in Mäkikuumolantie 3, Hyvinkää earlier this year. read more