M7 Real Estate launches M7 Developments

M7 Real Estate has launched a new planning and development business, M7 Developments, which will be led by Hugh Ellingham, currently non-executive chairman of M7, and Ben Hooton, M7’s planning director.

Ellingham will stand down from the board of M7 to focus on his new role as chief executive of M7 Developments. A new non-executive chairman of M7 is expected to be announced in the coming days.

The new initiative will build on the group’s growing track record in developments, in particular its current 750,000-square-foot phased mixed-use brownfield redevelopment of “The Green” in Solihull in the West Midlands. The 47-acre site was the historic headquarters of automotive and aerospace manufacturer Lucas Industries, which is now part of German engineering group, ZF.

M7 Developments will focus on substantial brownfield, medium-term redevelopment opportunities, principally in the United Kingdom. M7 aims to manage multi-let income producing assets with the opp