15 Feb 2018

M7 Real Estate secures five new lettings in Vianen, The Netherlands

The Netherlands, 15 February 2018 – M7 Real Estate (“M7), the pan-European real estate investor and asset manager, announces that it has completed five new office lettings totalling 2,830 sq m on behalf of the M7 European Real Estate Investment Partners II (“M7 EREIP II” or the “Fund”) at Witboom 1 and Lange Dreef 10 in Vianen, The Netherlands. As a result of these lettings, the occupancy of the complex, which has undergone an active asset management programme involving the upgrade and modernisation of the internal and external space, has increased to 70% from 35% since the previous anchor tenant Landré Beheer left in November 2016.

New tenants include Van den Hoven Kunststoftechniek B.V., a producer of customised plastics products, which has taken 1,411 sq m of space and 12 parking spaces on a five year lease. Space has also been let to lighting solutions company, IMT B.V. (625 sq m and 20 parking spaces with a five year lease); construction company, Niyata B.V. (approximately 400 sq m and five parking space with a five year lease); computer maintenance and software management supplier, Axle-IT B.V. (263 sq m and three parking spaces with a two year lease); and medical support services provider, Cromsource B.V. (131 sq m and five parking spaces with a two year lease).

Cushman & Wakefield, Oranjeborch Bedrijfsmakelaars B.V., Waltman Bedrijfshuisvesting B.V., De Aanhuurmakelaar and Flexas B.V. acted as brokers for the lettings.

Following these lettings 300 sq m and 800 sq m of office space remains available at Lange Dreef 10 and Witboom 1 respectively.