M7 bags Imperial Car Supermarket industrial letting in Bristol

30 April 2019

M7 achieves 42% increase in rent in M7’s largest UK letting to date by annual rent

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has let a c.62,000 sq ft industrial unit at Royal Portbury Dock in Bristol to Imperial Car Supermarket Ltd (“ICL”), the national used car supermarket, on behalf of a global institutional investor. This represents M7’s largest letting to date by annual rent.

Imperial Car Supermarket Ltd has agreed to a 15 year lease with no breaks and rent reviews every five years, which is expected to generate £650,000 of annual rental income. The agreed rent is a 42% increase on the previous rent agreed with BCA which vacated late last year. The recently refurbished unit, along with the 7.2 acres of net useable land on the site, will provide ICL with a much larger and improved showroom.

The asset is situated approximately nine miles west of Bristol city centre in an area popular with the automotive industry due to its immediate proximity to the M5.

James Chasen, Asset Manager at M7, said: “As our largest UK letting by rent to date, this is a significant milestone for M7 and testament to the strong occupational market for this type of product. The seven acres of additional storage land that this asset offers makes it a unique proposition in a market where supply is already scarce. The letting is in line with our strategy and we have capitalised on the location’s attraction to the car industry, providing a unit well suited to the needs of the occupier. This has also enabled us to secure a long lease underpinning an attractive income return for our client.”

M7 was advised by Alder King whilst Lambert Smith Hampton advised Imperial Car Supermarket Ltd.

M7 successfully regears lease at Aveiras 4, Lisbon

27 May 2020

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

26 May 2020

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