M7 grows Hungarian assets under management to €89.3 million with acquisition of €80 million of assets in 2017

2 March 2018

Hungary, 2 March 2018 - M7 Real Estate (“M7”), the pan-European real estate investor and asset manager, announces that it has completed the acquisition of 12 assets through four transactions for a total of €80.1 million in 2017. It brings M7’s Assets Under Management in Hungary to € 89.3 million. It has also had significant asset management success, completing 32 new lettings and lease renewals across its Hungarian portfolio.

Since making its first investment in Budapest in December 2016 M7 has grown its portfolio in Hungary, which comprises predominantly multi-let logistics, retail assets and business parks, to 270,000 sq m of gross lettable space. Four acquisitions, including one portfolio acquisition, were undertaken in 2017, of which the largest assets were Aerozone Business Park and The Liget Center, an office building.

In addition, M7 has agreed 32 new lettings and lease renewals across approximately 75,000 sq m of space, bringing the total occupancy of the whole portfolio to 83% and extending the average lease length by 30% to an average of 2.7 years. Major lettings include the leasing of over 10,000 sq m of space at Eger Business Park 2 to Robert Bosch Automotive GmbH, the global manufacturer of steering systems for passenger cars and commercial vehicles, which was the largest leasing deal in North-Eastern Hungary in 2017. Additional transactions include a lease extension of five years secured with METRO Cash & Carry at the Aerozone Business Park and an 11,500 sq m letting at the Dunaharaszti Industrial Park to an international logistics service provider.

This activity has been completed on behalf of the M7 Central European Real Estate Fund I, circa 65% of which is invested in Hungary, where the portfolio is expected to generate an attractive income profile and significant capital profit. The Fund is invested into both Core Plus and high yielding regional opportunities across major cities in the Czech Republic, Croatia, Hungary, Poland and Slovakia.

Balázs Magyar, Managing Director of M7 in Hungary, commented: “We have successfully and very efficiently grown our portfolio in Hungary and secured a number of major lettings and lease renewals at improved terms. We have also identified active asset management initiatives, which we expect to generate attractive returns and build on the strong performance we have delivered in 2017.”

M7 Real Estate signs six new tenants at Zagreb’s Mani Business Centre taking occupancy to 91%

18 June 2018

Croatia, 18 June 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has agreed six new lettings across circa 5,000 sq m of space at Mani Business Centre in Zagreb, Croatia. As a result of M7’s turnaround strategy for the property, the number of tenants has increased from 12 to 19, significantly improving the occupancy to 91% from 54% on acquisition. New tenants include a wide range of businesses including a facilities management service provider to construction and IT industry operators. read more

M7 Real Estate lets 2,350 sq m of logistics space in Gottmadingen

22 May 2018

Frankfurt, 22 May 2018 − M7 Real Estate (M7), the pan-European real estate investor and specialist asset manager, has let around 2,350 sq m of logistics space in Gottmadingen, near Konstanz in Baden-Wurttemberg. The new tenant of the property, at Industriepark 305, is Transco Süd GmbH Internationale Transporte. read more

M7 Real Estate identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report for 2nd year running

21 May 2018

London, 21 May 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that for the second year in succession it has been identified as one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain. The report is an acknowledgement of the UK’s fastest-growing and most dynamic small and medium sized businesses. M7 is one of 19 real estate companies named in the report. read more