Pan-European asset manager M7 Real Estate has launched a new development business, M7 Developments.
M7 Developments will focus on substantial Brownfield, medium term redevelopment opportunities in the UK.
The new initiative will build on its current 750,000 sq ft phased mixed-use Brownfield redevelopment of ‘The Green’ in Solihull in the West Midlands.
The new initiative will be led by Hugh Ellingham, currently Non-executive Chairman of M7, and Ben Hooton, M7’s Planning Director.
Richard Croft, Chief Executive of M7 Real Estate, commented: “This is a natural progression for M7, building on our expertise in the UK multi-let real estate market and ability to identify value potential through the deployment of often complex asset management initiatives. We remain committed to the UK market and I look forward to working closely with Hugh in developing this business.”
Hugh Ellingham, Chief Executive of M7 Developments, commented:“After serving on the board of M7 for over four years, I am very pleased to be embarking on the establishment of this new development business. There is a compelling opportunity to generate attractive returns through strategic redevelopment in a range of locations across the country, such as our site in the West Midlands, where high quality mixed-use regeneration is sought after, often with an emphasis on the provision of new homes, against a limited supply. We are actively pursuing a pipeline of projects as we focus on growing the business.”
Source:M7 Real Estate