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M7 closes retail warehouse fund with acquisition of five assets for GBP24.8 million

M7 Real Estate announces that, on behalf of M7 Real Estate Investment Partners VIII (“M7 REIP VIII” or the “Fund”), it has acquired a total of five retail warehouse assets for £24.8 million reflecting an in-place net initial yield of 8%.

The acquired assets total 191,136 sq ft and are located across the UK in Leeds, Gateshead, Worksop, Stafford and Shipley.

The assets are fully let with a combined WALT of 6.3 years with tenants including Poundstretcher, Topps Tiles, DSG Retail, Pets at Home, B&Q and Argos.

Press release – 04 April 2019