15 Jul 2013
M7 and APAM create APAM7 Limited to target the secondary office real estate markets across the UK
15th July 2013 – M7 Real Estate LLP, the specialist investor and asset manager of multi-let light industrial real estate and APAM Limited, an asset manager focussed on the more challenged UK real estate markets have announced the creation of APAM7 Limited.
APAM7 Limited, will be targeting secondary office real estate opportunities across the UK, through both acquisitions and the provisions of workout solutions. APAM brings expertise within the secondary office market in particular and a number of strong lender relationships. M7 brings best in class management systems and reporting infrastructure; intellectual property regarding workout solutions and a number of strong private equity relationships.
Richard Croft, Senior Partner of M7 commented “We are very excited about this tie up. We have seen a number of multi-sector opportunities over the last few months and think the combined expertise of the M7 and APAM businesses will position the business very well to provide a broader range of advice and investment opportunities to existing and new clients”.
Simon Cooke, Co-Founder and Director of APAM added “…..The teams have a similar experience and culture. This combined with the complementary skills and contacts of the two businesses will result in significant new business opportunities for APAM7 Limited.”
Formed in 2009, the M7 team consists of eleven partners and seventeen members of staff. The business has acquired c. £425 million of UK assets and currently manages circa 13,000,000 sq ft of space in excess of 2,000 units generating c. £39 million pa of income.
APAM was formed by David Russell, Simon Cooke and William Powell and has 10 additional members of staff. The business provides independent UK property asset management advice to private equity, hedge funds, institutions, lenders, borrowers and insolvency practitioners. Since 2011 APAM has been appointed asset managers on 103 properties with a combined value of £500 million and totalling 6,600,000 sq ft of commercial, leisure, retail and residential property.