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 totalling 1.2 million square feet.
M7 acts as asset manager for the JV’s portfolio, which is 98% occupied and will continue to undertake a number of initiatives to enhance the portfolio, including negotiation of outstanding and upcoming lease events, as well as let up of vacancy.
