M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has achieved full occupancy on a four-year lease and secured a significant rental uplift at a logistics asset in Carregado, Portugal, following a targeted asset management strategy.
The property, comprising approximately 5,876 sq m, was acquired in December 2022 with only 1,250 sq m let, generating an annual rent of €39,368. As a result of M7’s active repositioning programme, the asset is now fully leased, delivering a total annual rent of €287,368.80, representing a substantial increase in income.
M7 implemented a series of upgrades to enhance the property and its appeal to potential occupiers, alongside a focused marketing and leasing campaign. The works included a comprehensive retrofit of the building’s exterior, a full repaint, and the replacement of translucent panels to improve natural light within the warehouse. The fire and safety systems were also modernised, and all lighting was converted to energy-efficient LED fixtures.
João Salema Garção, Senior Asset Manager at M7 Real Estate, commented: “This new letting is a testament to our team’s dedication and expertise in unlocking value from underperforming assets. Through a combination of strategic investment, active tenant engagement, and operational excellence, we have successfully repositioned this property to enhance its income profile and sustainability performance. We are proud to deliver such strong results for our stakeholders and to reinforce our commitment to sustainable growth.”
This latest success highlights M7’s ongoing ability to drive value through proactive asset management and operational focus across its European logistics portfolio.
