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 significantly increases occupancy and value at two offices in Schiedam, Rotterdam

20 August 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager has, on behalf of M7 EREIP IV, significantly increased the occupancy and value of two office buildings, Overschieseweg 200-232 and Overschieseweg 300-332, Schiedam, Rotterdam. read more

M7 secures 70,000 sq ft of new lettings at Brucefield Industry Park, Livingston

12 August 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager has, since purchasing Brucefield Industry Park (“Brucefield”) in December 2018 on behalf of a major fund, completed new lettings on over 70,000 sq ft of space. This has increased occupancy to 83.1% (from 73.4%) and the WALT has improved to 5.1 years from 3.9 years. read more

M7 fully lets Air Cargo Centre, Castle Donnington, setting record new headline

5 August 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed five new lettings totalling c. 50,500 sq ft at the Air Cargo Centre in Castle Donnington, which is now at full occupancy, on behalf of a global institutional investor. read more