M7 acquires 115,000 sq m portfolio from Danish Bank

16 novembra 2016

London, 16 November 2016 - M7 Real Estate (“M7”), the pan-European real estate investor and asset manager, in a joint venture with leading global private equity investment firm H.I.G. Capital (“H.I.G.”), announces that it has acquired a portfolio of 76 assets across Denmark from Danske Bank. M7 will act as asset manager through its Copenhagen based team which is headed by Mette Seifert.

The portfolio comprises a mix of retail, office and residential assets that are located on prominent high streets in the Greater Copenhagen area, as well as in key regional towns and cities throughout Denmark. The vendor occupies 58 of the properties through both its Danske Bank brand and subsidiary Home A/S, a nationwide Danish estate agency. Danske Bank is moving to a property leasing rather than real estate ownership model and has, therefore, entered into a range of new occupational leases as part of the transaction.

M7 has identified a range of opportunities to improve occupation levels and income across those properties not occupied by Danske Bank, through undertaking targeted refurbishment to help reduce the circa 10,000 sq m of currently vacant space and by negotiating lease regears with existing tenants.

Kromann Reumert and PwC provided legal and structuring advice, CBRE and Colliers provided commercial and valuation advice while COWI and Ambiente advised on technical and environmental issues for M7 and H.I.G.. Pareto acted as investment adviser alongside M7.

Robert V.S. Nellemann, Head of Strategic Property Asset Management at Danske Bank said “This deal has helped the bank to achieve a key objective of bringing down the bank’s real estate exposure by moving to a property leasing model. We are very pleased to be working with H.I.G. and M7, to ensure we have the accommodation that we need to deliver at an operational level and maintain our focus on our customers”.

Richard Croft, Chief Executive at M7 commented: “Having entered into its first JV with H.I.G. in the Netherlands towards the end of 2013, M7 is very pleased to have expanded the relationship with this new Danish JV. The Danske Bank transaction has allowed M7 and H.I.G. to acquire, in a single transaction, a large number of high quality well located assets, which are either let to strong tenant covenants or offer significant upside through asset management. To this end, we intend to leverage M7’s pan-European experience, combined with the knowledge and expertise of our team in Copenhagen to create strong returns.”

Po získaní 60 miliónov eur uzatvára M7 prvý stredoeurópsky fond M7 CEREF I, zriaďuje logistický park AEROZONE a so spoločnosťou Starwood zjednáva prioritný dlhový nástroj vo výške 68,5 miliónov eur.

4 apríla 2017

M7 Real Estate („M7“), celoeurópsky investor a správca aktív, oznamuje, že jeho prvý stredoeurópsky fond určený pre investorov tretích strán – M7 Central European Real Estate Fund I („M7 CEREF I“ iba „Fond“) – práve ukončil svoje definitívne uzatvorenie a dosiahol plánovaný kapitál vo výške 60 miliónov EUR. To vyplýva zo záväzkov investorov vo výške viac ako 35 miliónov EUR pri prvom uzatvorení fondu v októbri 2016. Čítať Viac

M7 acquires 115,000 sq m portfolio from Danish Bank

16 novembra 2016

London, 16 November 2016 - M7 Real Estate (“M7”), the pan-European real estate investor and asset manager, in a joint venture with leading global private equity investment firm H.I.G. Capital (“H.I.G.”), announces that it has acquired a portfolio of 76 assets across Denmark from Danske Bank. M7 will act as asset manager through its Copenhagen based team which is headed by Mette Seifert. Čítať Viac

Britain has never been so divided

12 novembra 2016

London, 12 November 2016 - written by Richard Croft, as published in Estates Gazette: For students of economics, the four months since 23 June have been fascinating, baffling, concerning and often extraordinary. Against a backdrop of great political flux, it is very difficult to plan either as an investor or as a business. Whatever the rights and wrongs, the Brexit vote has created uncertainty for the UK, and the government apparently has no agreed plan. Čítať Viac