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Sign in Sign up for a FREE subscriptionM7 expands investment with the D. E. Shaw group, buys seven U.K. industrial and warehouse assets
M7 Real Estate, the pan-European investor and asset manager specializing in multi-tenanted properties, has acquired a further seven industrial and warehouse assets in the United Kingdom, on behalf of a joint venture targeting value-add U.K. real estate with a fund managed by global investment and technology development firm the D. E. Shaw group.
The acquisitions comprise two multi-tenant light industrial assets and five single-tenant warehouses with a total floor area of 465,000 square feet. The assets are located in key regional markets across the UK with strong underlying fundamentals, including Manchester, Coventry, Newcastle-upon-Tyne and Basildon.
These transactions grow the portfolio to 22 office, logistics, light industrial and retail parks totaling 1.2 million square feet.
M7 acts as asset manager for the joint venture’s portfolio, which is 98 percent occupied and will continue to undertake a number of initiatives to enhance the portfolio, including ne
