M7 fully lets Norquest Industrial Estate, Leeds setting new rental tone

11 January 2019

London, 11 January 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager announces that, on behalf of a major fund, it has fully let Norquest Industrial Estate in Leeds at a new headline rental level of £5.50 psf.

The estate which comprises 146,221 sq ft of warehouse space is located in south west Leeds one mile from junction 27 of the M62 motorway and is part of an established industrial area known as Gelderb Industrial Estate which has proved popular with occupiers. Leeds city centre is approximately five miles away.

 

The property was acquired in a derelict condition and totally unoccupied. An active asset management plan was implemented which included a comprehensive refurbishment redeveloping the site to provide modern warehouse units together with pro-active marketing by local agents. All of the units were fully let in three separate transactions before the works were completed on leases of 10 years at £5.50 psf which is 10% above the previous rent.

James Chasen, Asset Manager at M7, commented; “This is a prime example of M7’s ability to transform a redundant scheme with pro-active asset management. The units were derelict and unmarketable but once we started on site with the works our marketing agents were able to identify suitable tenants in a short period of time.”

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