17 Nov 2017
M7 Real Estate completes 7,800 sq m lease in Bingen on the Rhine
Frankfurt, 17 November 2017 − M7 Real Estate (M7), the pan-European investor and asset manager specialising in the regional multi-let real estate market, has agreed leases for 7,830 sq m of ware-house space at Am Ockenheimer Graben 54, in Bingen on the Rhine.
The current tenant, Depotpack Lagerungsgesellschaft mbH, has extended its existing lease on 3,870 sq m and is taking a further 3,960 sq m of warehouse space in the property. The building, dating from 1992 and providing a total lettable area of 11,665 square metres, is now 81% let.
The property is part of the “Onyx” portfolio. Onyx acquired three portfolios in spring 2017 in continental Europe, with a total investment volume of €1.53 billion. The purchases included 233 commercial properties, with a total floor area of 2.9 million sq m, in Germany, the Netherlands and Denmark.
M7 is the asset manager of the property.