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.

The Fund’s final close was in November 2017 which saw a total of €400 million raised from a broad investor base, including from the US, Hong Kong and Middle East. These final acquisitions will result in a total AUM for the Fund of approximately €800 million invested in high yielding, value-add regional real estate in Scandinavia, Germany, The Republic of Ireland and the Netherlands.

The total portfolio, which will be managed by M7 through its pan-European platform, will comprise 1.3 million sq m across 212 multi-let office and industrial assets with a weighted average lease term of 4.2 years and a vacancy of 17.1%. M7 has identified a number of asset management initiatives to improve the occupancy, performance and value of the portfolio.

Richard Croft, Chief Executive of M7 Real Estate, commented: “Fully investing M7’s largest fund to date will mark a major milestone for us. Since completing the Fund’s final close, M7 has demonstrated its capability to leverage its pan-European investment and asset management platform to successfully deploy investor capital into an identified pipeline of income producing, value-add real estate. The portfolio presents a compelling opportunity to add value and generate attractive returns for our investors by applying our asset management expertise.”

M7 Sells Pennywell Road, Bristol for Housing

19 September 2018

London, 19 September 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently sold a vacant industrial building of circa 89,652 sq ft in Bristol on behalf of a major financial fund. Pennywell Road was leased to Aviva who had not been in occupation for a number of years. A comprehensive surrender premium covering all liabilities was agreed by M7 who took vacant possession of the premises. read more

M7 completes double Chester industrial letting totalling over 170,000 sq ft

5 September 2018

London, 5 September - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has recently completed two new lettings comprising over 170,000 sq ft of warehouse space at Deva 100, Matrix Court and Big Pal in Chester on behalf of a major financial fund. read more

M7 sells Fumbally Lane office complex, Dublin to BCP for €33.5 million

29 August 2018

London, 29 August 2018 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold an office complex on Fumbally Lane, Dublin 8 in the Republic of Ireland, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV”), to BCP Fund Management DAC (“BCP”) for a total of €33.5 million, a capital value per square foot of €403 and a reversionary yield of 8.5% on today’s ERV. read more