M7 Real Estate (M7) has sold an office property, Forum Marburg, in Marburg, Hesse, to Silberbaum Capital on behalf of M7 ISLAY fund .
The multi-tenanted office property in Marburg, situated at Neue Kasseler Strasse 62, has a total lettable area of around 12,500 sq m and is fully occupied. The building’s major tenants are Siemens, Postbank Finanzberatung and the Marburg municipal authority.
“When we acquired Forum Marburg in summer 2016, the leases had short remaining terms and the property was around 30% vacant. Using targeted marketing initiatives together with our strong local market presence, we were able to achieve full occupancy of the property, generating a stable cash flow in a short timeframe. The disposal of the asset is in line with the Fund’s business plan and secures an attractive return for the investors,” said Alyssa Huse, Managing Director of M7 Real Estate Germany.