Nottingham offices sold in £30m property deal

M7 Real Estate the pan-European investor and asset manager, has bought ten industrial and office assets for £29.9m, on behalf of a Middle Eastern sovereign wealth investor.

The deal includes the acquisition of an unnamed Nottingham office scheme.

The total deal includes single and multi-let industrial assets in Tunbridge Wells, Letchworth Garden City, Swindon, Warminster, Barnsley, Seaham and Galashiels, as well as two office assets in Nottingham and East Kilbride.

Will Hunting, divisional director – UK acquisitions at M7, said: “Completing the assembly of the UK element of the portfolio marks an important milestone as we focus our attention on deploying the remaining capital. It also demonstrates our ability to source multiple small cap assets, which meet the criteria for this strategy and present an opportunity to generate value through active asset management.”