M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has sold Mokotow Plaza, a Grade A office building in the Mokotow Business District of Warsaw, Poland, to FLE GmbH on behalf of the M7 Polish Active Fund (“M7 POLAF” or the “Fund”).
Mokotow Plaza, which comprises c. 15,600 sq m of modern office space across five floors, is situated at 6 Postępu Street in an established non-central business hub on the outskirts of Warsaw.
M7 acquired the property in 2019, following which it implemented a comprehensive asset management strategy, refreshing the common areas, introducing new lobby space and a reception, as well as living plants, artwork and shower facilities.
These active asset management activities have increased occupancy of the building to c.80%, extended the WALT to 6.5 years, and significantly improved the net operating income. Existing occupiers include EnelMed, SDI Media, Securitas Polska, BDO, Rockwool and IYUNO.
Launched in 2018, M7 POLAF, a dedicated Polish investment fund, is fully invested in a portfolio of office, light industrial and logistics assets totalling 99,600 sq m across Poland. The Fund’s investors include global high net worth individuals, family offices and sovereign wealth investors from Europe, Hong Kong and the Middle East.
M7 Real Estate Ltd is a pan-European investor and asset manager specialised in multi-tenanted real estate. M7’s team consists of over 220 staff operating across a platform spanning 15 countries and territories comprising the UK, Croatia, Czech Republic, Denmark, Finland, France, Germany, Hungary, Hong Kong, Ireland, Luxembourg, the Netherlands, Poland, Portugal and Spain.
Established in 2009 M7 manages a portfolio of c.570 assets comprising 43.0 million sq ft of GLA with a capital value of circa €4.3 billion.
Source : M7