M7 Real Estate Lands £47 Million Deal for Manchester Industrial Site
Deal News | Jan 20, 2025 | M7 Real Estate Ltd
M7 Real Estate, a prominent pan-European investor and asset manager, has acquired the Broadheath Network Centre in Greater Manchester for £47 million from Network Space Developments. This transaction marks the first acquisition undertaken by M7 on behalf of the newly established joint venture between Oxford Properties and AustralianSuper. The joint venture, known as the European Supply Chain Income Partnership, focuses on the industrial and logistics sector across Europe. Oxford Properties, a globally recognized real estate investor, developer, and manager, has joined forces with AustralianSuper, Australia's largest superannuation fund, to create this partnership to target supply chain assets. This strategic acquisition underlines their collaborative efforts to expand and invest in key industrial markets.
Sectors
- Real Estate Investment
- Industrial & Logistics
Geography
- United Kingdom – The Broadheath Network Centre is located in Greater Manchester, UK, making the transaction geographically significant to this region.
- Europe – The joint venture aims to invest in industrial and logistics sectors across Europe, giving it a broader geographic relevance.
Industry
- Real Estate Investment – The acquisition involves the purchase of a real estate asset, specifically an industrial estate, highlighting the significance of real estate investment activities of the companies involved.
- Industrial & Logistics – The focus of the newly formed joint venture is the industrial and logistics sector, marking the article's relevance to developments in this industry.
Financials
- £47 million – The purchase price for the acquisition of Broadheath Network Centre by M7 Real Estate.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M7 Real Estate Ltd. | Acquirer | Company | A pan-European investor and asset manager that undertakes the acquisition of Broadheath Network Centre. |
| Network Space Developments | Vendor | Company | The company selling the Broadheath Network Centre to M7 Real Estate. |
| Oxford Properties | Joint Venture Partner | Company | A global real estate investor, developer, and manager, partnering in the joint venture. |
| AustralianSuper | Joint Venture Partner | Company | Australia’s largest superannuation fund, partnering in the joint venture. |
| European Supply Chain Income Partnership (ESCIP) | Joint Venture | Other | The joint venture formed by Oxford Properties and AustralianSuper targeting industrial and logistics investments. |