M7 Real Estate achieve 100% occupancy and 45% rent increase at Albergaria Industrial Asset in Northern Portugal

M7 Real Estate (“M7”), a leading pan-European specialist in regional, multi-tenanted commercial real estate, is pleased to announce the successful lease-up and enhanced performance of its industrial asset in the Albergaria Industrial Zone, Northern Portugal. Acquired in July 2022 through an I&L Joint Venture Agreement, the asset comprises five units totalling approximately 5,723 sq m. Initially acquired at 100% occupancy with an annual rental income of €25.26 per sq m, M7’s active asset management strategy has driven significant improvements in rental value.

Through a targeted asset management approach and strategic investments, M7 has enhanced lease terms and attracted new tenants. In September, the asset achieved full occupancy with the signing of a lease for the largest units, totalling 2,840 sq m, by a prominent industrial company integral to the Portuguese economy. This lease increased the rental rate by 45%, bringing it to €36.74 per sq m.

Afonso Moreirão, Asset Manager at M7 Real Estate, commented: “We are very pleased with the successful leasing and the added value created for our investors. Our proactive asset management strategy has resulted in a diverse tenant mix, reducing risk while supporting regional businesses that contribute to local growth through export operations. This milestone highlights our commitment to delivering value not only for our investors but also for the communities where we operate.”

This achievement underscores M7’s expertise in managing and enhancing industrial and logistics assets, reinforcing its dedication to asset optimisation and value creation across its European portfolio.