8 Nov 2017
M7 Real Estate lets circa 7,000 square metres in Dietzenbach, near Frankfurt
Frankfurt, 8 November 2017 − M7 Real Estate (M7), the pan-European investor and asset manager specialising in the regional multi-let real estate market, has let 6,965 sq m of space at Alfred- Nobel-Strasse 1, in the “Dietzenbach” commercial area near Frankfurt.
Teknihall Elektronik GmbH has taken 6,835 sq m of storage and 130 sq m of office space on a new 10 year lease. M7 has successfully re-let this unit without any void period. Jones Lang LaSalle brokered the letting.
The Dietzenbach property, dating from 1975 and providing a total lettable area of around 15,000 sq m, is now 96% let. Part of the “Onyx” portfolio, M7’s joint venture with Blackstone, Onyx acquired three portfolios, with a total investment volume of €1.53 billion in spring 2017. The portfolios comprise 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.