M7 continues to back Newton Aycliffe as a key industrial location

10 January 2019

M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has acquired a single let industrial unit in Newton Aycliffe, County Durham for £1.37 million representing a net initial yield of 7% and a capital value of £23.32 psf.

The unit, which comprises 58,747 sq ft, is situated on Heighington Lane on a 7.76 acre site and is let to EOS Facades Limited on a 10 year lease expiring in 2027. The lease is subject to a RPI linked rent review in 2022 and generates a rental income of £102,000 per annum. In addition to the warehouse space the building offers ancillary office accommodation, which is currently unoccupied and will be refurbished and relaunched in Spring 2019 to meet the demand for larger floor plates on the estate. The property also includes 3.5 acres of development land.

The property is located on Aycliffe Business Park, the second largest industrial estate in the North East, which is predominantly occupied by businesses in the manufacturing sector. The total estate spans 988 acres and supports over 10,000 jobs. The estate has seen large take up of industrial space over the last five years and now faces a severe shortage of well specified industrial units.

The asset has been acquired on behalf of MOVVI, a separate account mandate for a private trust managed by M7, which was launched in 2015. This acquisition is in line with the fund’s strategy of investing in assets providing long term sustainable income, diversification of risk but also provides opportunity for value add through leasing of the vacant accommodation and development opportunities.

Victoria Lane, Asset Manager at M7, commented, “This is a really exciting complementary purchase for MOVVI that now own four assets across the UK. This industrial unit is well configured with excellent loading and circulation space which is highly sought after in this market. The value-add initiatives will commence immediately which will enable us to capture the latent demand for well specified space along the A1 corridor.”

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

4 in 10 SMEs believe they will go out of business within 1 year of ‘no-deal’ Brexit

11 March 2019

M7 Real Estate (“M7”), one of the UK’s largest SME landlords, reveals in a national survey of 1,084 UK SME business leaders that 45% of UK SMEs fear that they will go out of business within one year with their current corporate set up in the event of a ‘no-deal’ Brexit, with 32% even considering closing their company. read more

M7 raises €65 million for new pan-European value add fund

6 March 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has received equity commitments from 25 investors including high-net worth investors, family offices, and sovereign wealth from Europe, Hong Kong and the Middle East for c. €65 million in a first close for its fifth European investment fund, M7 Real Estate Investment Partners V (“M7 EREIP V” or the “Fund). Including leverage the Fund will have a total investment capacity of over €280 million. read more