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 Sells Pennywell Road, Bristol for Housing

19 September 2018

London, 19 September 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently sold a vacant industrial building of circa 89,652 sq ft in Bristol on behalf of a major financial fund. Pennywell Road was leased to Aviva who had not been in occupation for a number of years. A comprehensive surrender premium covering all liabilities was agreed by M7 who took vacant possession of the premises. read more

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. read more

M7 sells Fumbally Lane office complex, Dublin to BCP for €33.5 million

29 August 2018

London, 29 August 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold an office complex on Fumbally Lane, Dublin 8 in the Republic of Ireland, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV”), to BCP Fund Management DAC (“BCP”) for a total of €33.5 million, a capital value per square foot of €403 and a reversionary yield of 8.5% on today’s ERV. read more