M7 Real Estate (“M7”), the pan European investor and asset manager announces that, on behalf of M7 Real Estate Investment Holdings, it has fully let Stoke Etruria with a new letting to Avison Young.
The asset comprises two modern detached grade A office buildings totalling 30,980 sq ft which are located on Festival Park, Stoke on Trent’s premier mixed use business and retail park. The property was brought in January 2018, due to the quality of building and potential to create value with new lettings and regears.
Avison Young, a private commercial real estate advisory firm, has taken the last available suite comprising 3,300 sq ft on a new five year lease. This letting completes the 2018 business plan, following the recent deal with Thompsons in June.
George Gaynor, Asset Manager at M7, commented: “This is a significant transaction which now means the property is fully let and over 67% of the income is secure for five years. It again highlights the proactive approach M7 has taken to complete its strategy for Etruria Stoke.”