M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted real estate, has completed the repositioning of a prime logistics property in Maia, Porto district.
The 17,000 sq m asset, previously leased to a single tenant with an annual rent of €453,598, is now fully let to four occupiers, securing a rental income of more than €1,165,000 per year.
Following the lease expiration in November 2023, M7 undertook a targeted refurbishment and asset management strategy to modernise the property and align it with current market standards. CBRE was engaged to support the design of the property requirements and to provide project management services. This collaborative approach ensured the redevelopment was delivered in line with best practice and tailored to tenants requirements.
The improvement programme included a full roof refurbishment, installation of new high-spec loading docks, conversion to LED lighting to enhance energy efficiency, upgrades to fire safety and protection systems, modernisation of electrical and water infrastructure, and a reconfigured layout to create a flexible multi-tenant logistics facility.
As a result, M7 has not only doubled the rental income of the property but also strengthened its long-term appeal in one of Portugal’s most dynamic logistics hubs.
João Salema Garção, Senior Asset Manager at M7 Real Estate, commented: “This is a great example of M7’s ability to create value through hands-on asset management. By upgrading the specifications and transforming the property into a modern, flexible logistics facility, we have significantly improved both the income profile and the attractiveness of the asset to a diverse pool of occupiers”.
The asset is situated in Maia, close to Francisco Sá Carneiro Airport, the Port of Leixões, and key motorway connections, giving it a prime location for logistics, e-commerce, and distribution operators.
Leasing was successfully concluded with CBRE and Savills, resulting in full occupancy with four tenants.
