17 Sep 2012
VBRi Acquires Southwest Properties Ltd
17th September 2012 – VBRi, the balance sheet vehicle of M7 Real Estate LLP, has completed the acquisition of Southwest Properties Ltd.
The Southwest Portfolio consists of 11 properties across the UK that provide 122,972 sq ft in 71 units. The company’s portfolio generates £498,647 pa in rent and has an estimated rental value of £581,139 pa when fully let.
M7 Real Estate LLP is the asset manager for the portfolio.
Andrew Smith, one of the former Southwest shareholders and Directors, has joined the M7 Real Estate team as a consultant.