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.

In addition, M7 has successfully negotiated six lease renewals totalling €410,000 p.a., improving the tenant retention rate over the past six months to 100% and increasing the Weighted Average Lease Term from 1.4 years to 3.4 years.

M7 acquired Mani Business Centre, a 13,915 sq m multi-tenanted office building, in December 2016 on behalf of M7 CEREF I. Following the purchase, M7 has focused on improving the appeal of Mani Business Centre through responsive and proactive tenant and leasing management, re-engaging with the existing tenants to improve relationships and communications and has undertaken some selective capital expenditure.

Mirta Ceranac Poljak, Managing Director of M7 Real Estate in Croatia, commented: "Our successful asset management strategy for Mani Business Centre emphasises our ability to apply our local market expertise to oversee a turnaround of underperforming assets. Additionally, it proves the importance and the positive difference that can be made through proper asset management and tenant care. It is our goal to replicate this activity to further improve and implement high quality standards across other assets in the Croatian market."

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