M7 purchases €142.9 million of Dutch assets for M7 EREIP IV

27 September 2017

London, 27 September 2017 - M7 Real Estate, the pan European investor and asset manager, announces that it has invested a further €142.9 million in 34 office assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”). A total of €575 million has now been deployed on behalf of the Fund, which was launched with a €175 million first close in October 2016 to target value-add multi-let commercial real estate opportunities in Germany, the Netherlands, Ireland, France and Scandinavia.

The acquisition comprises three portfolios and two single assets, including one portfolio of 16 office assets for €77.9 million. These properties provide a total of 95,187 sq m of office accommodation in a range of well-established Dutch business locations, including Amsterdam and Rotterdam, as well as strong regional locations such as Delft and Amersfoort.

The second portfolio of nine Dutch industrial and office assets was acquired for €39.55 million and totals 54,933 sq m. A third portfolio was purchased for €16.24 million and comprises seven assets located in important regional Dutch office markets, including Almere and Arnhem, with a total of 24,243 sq m.

The fourth and fifth transactions were for single office assets in Groningen, the economic heart of the Northern Netherlands, and in Utrecht, a core Randstad market. The properties were purchased for €3.48m and €5.74m respectively, and each provides a range of asset management angles coupled with core underlying income.

M7 has identified a range of opportunities to drive value across the new acquisitions, including a targeted capex and refurbishment programme to facilitate the lease up vacant space.

Commenting on the purchases, David Ebbrell, M7’s Chief Investment Officer, said: “These most recent acquisitions offer both strong and diverse income profiles as well as a range of opportunities to enhance capital and rental values. As such, the transactions are in line with our strategy to position EREIP IV as an attractive income-focussed fund that is underpinned by a resilient portfolio delivering risk adjusted returns.”

Savills, Ambiente, Van Doorne and Loyens & Loeff advised M7.

M7 Real Estate enters Northern Ireland with Belfast office acquisition

18 July 2018

London, 18 July 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, has acquired an office property at 20 Adelaide Street, Belfast for £2.4 million, on behalf of M7 Real Estate Investment Partners III (“M7 REIP III”). The asset, which comprises 21,021 sq ft, represents M7’s first investment in Northern Ireland and is being acquired from receivers Ernst and Young following a two-stage bidding process. read more

M7 Real Estate acquires €140 million of assets for EREIP IV

11 July 2018

London, 11 July 2018 - M7 Real Estate (“M7”), the pan European investor and asset manager, announces that it has recently completed the acquisition of €140 million of assets on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), its largest fund to date, with a further €35 million of assets expected to complete over the summer. These acquisitions comprise 68 assets and are being acquired through a combination of portfolio and individual transactions and total 331,000 sq m across Denmark, Germany and the Netherlands. read more

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