M7 REIP V acquires three UK retail warehouses for £18.4 million

10 December 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed the acquisition of three UK retail warehouse assets on behalf of M7 Real Estate Investment Partners V (“REIP V” or the “Fund”), for £18.4 million in three separate transactions.

The assets, which comprise a total of c.138,515 sq ft, are located across the UK in Swansea, Hull and Birmingham. They are let to tenants including B&M, Wickes, Iceland and Poundland with a combined WALT of 8.7 years and an ERV of £1.6 million per annum.

The purchases continue M7’s strategy of acquiring low rent, low capital value retail warehousing in strategic locations, with the potential to add value through active asset management.

M7 REIP V’s portfolio now comprises 33 assets with a total value in excess of £150 million across 1.96 million sq ft with a WALT of 4.65 years.

Will Hunting, Divisional Director – UK acquisitions, commented: “These acquisitions utilise the proceeds from the recent disposal of Becketts House and are in line with our strategy of opportunistically divesting of assets and recycling capital into opportunities that are accretive to the Fund’s income profile. These assets also continue our theme of acquiring credit diversified, medium to long term income streams which offer multiple value-add initiatives.

“We continue to target the UK retail warehouse sector, where we are seeing interesting opportunities for assets at the right pricing level.”

M7 fully lets Etruria Stoke with a new letting to Avison Young

13 January 2020

M7 Real Estate (“M7”), the pan European investor and asset manager announces that, on behalf of M7 Real Estate Investment Holdings, it has fully let Stoke Etruria with a new letting to Avison Young. read more

€103m of transactions bring M7’s EREIP V to full investment

8 January 2020

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has fully invested its fifth value add European investment fund, M7 European Real Estate Investment Partners V (“M7 EREIP V” or the “Fund”) having raised a total of €83.2 million of equity following a final close in June 2019. read more

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. read more