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 completes €75 million of disposals in Central Europe maintaining AUM at €285 million

11 March 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has completed €75 million of disposals across Central Europe in 2018 on behalf of both in house funds and third party mandates. M7 maintained Assets Under Management in Croatia, the Czech Republic, Hungary, Slovakia and Poland at €285 million, with a portfolio comprising 375,000 sq m of multi-let office and industrial space. In addition, M7 completed circa 50 leasing events, including new leases and lease re-gears. read more

4 in 10 SMEs believe they will go out of business within 1 year of ‘no-deal’ Brexit

11 March 2019

M7 Real Estate (“M7”), one of the UK’s largest SME landlords, reveals in a national survey of 1,084 UK SME business leaders that 45% of UK SMEs fear that they will go out of business within one year with their current corporate set up in the event of a ‘no-deal’ Brexit, with 32% even considering closing their company. read more

M7 raises €65 million for new pan-European value add fund

6 March 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has received equity commitments from 25 investors including high-net worth investors, family offices, and sovereign wealth from Europe, Hong Kong and the Middle East for c. €65 million in a first close for its fifth European investment fund, M7 Real Estate Investment Partners V (“M7 EREIP V” or the “Fund). Including leverage the Fund will have a total investment capacity of over €280 million. read more