M7 sells London residential development site for over £7m

3 February 2020

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed the sale of Mill Road Car Park (“Mill Road”) in Ilford, comprising circa 0.74 acres, for in excess of £7m on behalf of the M7 REIP V fund.

M7 acquired the car park, which originally provided additional car parking for Becketts House in Ilford, as part of a wider portfolio in 2016. Becketts House, comprising circa 53,000 sq ft of office accommodation, was sold separately by M7 in September 2019, having been repositioned a for residential use for in excess of 100 private dwellings.

Following a marketing campaign in conjunction with Savills in the autumn of 2019, in which close to ten bids were received, a sale was agreed for Mill Road and successfully completed within two weeks of final agreement in December 2019. The sale was completed without planning consent currently in place.

Martin Betts, Investment Manager at M7, commented: “Following on from the successful sale of Becketts House in September 2019, the sale of Mill Road Car Park further demonstrates that there is continued investor appetite for well-located residential sites close to the City of London, even without full planning consent in place. This sale completes the execution of our business plan for both Becketts House and Mill Road, which has enabled us to extract significant returns for our investors. The proceeds will be re-invested into our acquisition pipeline and asset management initiatives as we continue to drive attractive sustainable income returns.”

M7 significantly increases rental income at Quinta do Marchante, Lisbon

17 February 2020

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has granted a new ten-year lease to its tenant in Quinta do Marchante, Lisbon, on behalf of M7 Portuguese Active Fund (“M7 PoRAF”). As a result, the rental income has increased more than 30%. read more

M7 completes wave of lettings at Mani Business Centre, Zagreb

12 February 2020

M7 Real Estate (“M7”) the pan European investor and asset manager has, on behalf of one of its funds, M7 CEREF I, completed lease agreements on 4,500 sq m at Mani Business Centre in Zagreb, Croatia, taking the occupancy to 92%. read more

M7 wins two REFI European Awards

7 February 2020

M7 Real Estate is pleased to announce that it has won both the “Eastern European Fund of the Year” for the M7 Polish Active Fund and the “Western European Fund of the Year” for M7 EREIP V at the REFI European Awards (formerly PIE European Property Awards). read more