M7 fully lets Walworth Industrial Estate, Andover, setting new rental tone

11 September 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager has signed a new ten year lease with Incom Composite Engineering UK Ltd (“Incom”) to fully let Walworth Industrial Estate, Andover (“Walworth”).

M7 acquired four warehouse units on Walworth on behalf of a major fund in 2017 as part of a larger portfolio acquisition. The units total approximately 116,100 sq ft and Unit 13, comprising 29,638 sq ft, had been vacant since the previous tenant went into administration prior to acquisition, leaving the property in a poor condition.

M7 undertook an extensive refurbishment scheme, including the removal of a redundant sprinkler system, mezzanine floor and complete office overhaul.

During the refurbishment process Incom agreed to a ten-year lease at a rent of £165,000 per annum. This letting set a new rental tone for refurbished second-hand property in the area at £5.57 psf.

Tim Smith, Asset Manager at M7, commented: “Agreeing terms before the refurbishment was completed demonstrates the demand for good quality second-hand assets. Although Andover has recently had development of new units there remains the underlying demand for secondary property which has been refurbished to a high standard.”

M7’s cool new purchase in Cornwall

2 December 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a fully equipped chilled food manufacturing facility in Launceston, Cornwall, for an undisclosed sum on behalf of M7 Real Estate Investment Partners III (“M7 REIP III” or the “Fund”). The property is situated on Pennygillam Industrial Estate which is the read more

M7 POLAF fully invested following €11 million of transactions

28 November 2019

M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has fully invested its first dedicated Polish investment fund, M7 POLAF (“M7 POLAF” or the “Fund”). read more

M7 repositions Renfrew Trading Estate, Glasgow and gains major new letting

26 November 2019

M7 Real Estate (“M7”), the pan-European investor and asset manager has, on behalf of a major institutional fund, successfully secured a change of consent to Class 6 (Storage or Distribution) and repositioned Renfrew Trading Estate (the “Estate”). This has resulted in a new letting to Company Shop Group. read more