M7 acquires 25-unit multi let industrial estate in Dublin for €6.75 million

3 January 2020

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has acquired Primeside Park in Ballycoolin, Dublin 15 for €6.75 million, on behalf of M7 European Real Estate Investment Partners V (“M7 EREIP V” or the “Fund”), from a private investor in an off-market transaction. The price reflects an initial yield of close to 7% and a capital value of €95 per sq ft.

Primeside Park is a recently developed multi-let light industrial estate, which comprises 25 modern units with a total floor area of approximately 71,300 sq ft. The estate is almost fully let and M7 has identified a number of value enhancing asset management initiatives, which will be implemented immediately.

The park, which is situated on a self-contained 1.3 ha (3.15 acres) site, is one of the last speculatively constructed smaller industrial schemes in the Republic of Ireland.

Primeside Park is strategically positioned in the heart of the north Dublin industrial market, adjoining Northwest Business Park, and is within close proximity to Dublin Airport, Dublin Port Tunnel and the M2 and M3 motorways.

John Murnaghan, Head of UK and Ireland at M7, commented: “Primeside Park is perfectly aligned with the Fund’s strategy to acquire strong income generating multi-let industrial assets along the M50 in Dublin. We intend to start immediately on our asset management programme to capitalise on the excellent characteristics of this estate. We remain highly acquisitive and alive to opportunities to add further to the portfolio.”

M7 was represented by JP McDonagh of Knight Frank.

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M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has successfully regeared a lease with the existing tenant, Carreras, at Aveiras 4, on behalf of the M7 Portuguese Active Fund (“M7 PoRAF”). read more

M7 puts best foot forward to raise over €7,000 in 20 days for 87 different charities across Europe

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Over 160 members of the team at M7 Real Estate (“M7”), the pan-European investor and asset manager, have raised a total of more than €7,000 for 87 charities of their choice. read more

TTB acquires minority stake in M7 amid continued Asian appetite for European real estate

22 May 2020

TTB Partners, a Hong Kong based investment and advisory firm, today announced the acquisition of a minority stake in M7 Real Estate. The investment is the latest step in a wider collaboration between the two companies, as they seek to capitalize on the continued appetite from Asian investors for European real estate. TTB will utilize its own network of contacts in the region to access new capital pools looking to invest in UK and pan-European real estate, either through joint ventures or through investment funds. read more