Real Estate
M7 REIP VI bought the asset in Workington, Cumbria from Stobart Group for £6.3m. : M7 Real Estate has bought, on behalf of M7 Real Estate Investment Partners VI (M7 REIP VI), a warehouse asset in the north west of England. The pan-European investor and asset manager said it acquired five adjacent warehouse units in Workington, Cumbria from Stobart Group for £6.3m (€7.2m). The units, four of which are interlinked, are situated on the established 45-acre Lillyhall Industrial Estate and comprise a total of 476,000sqft. Four of the units are occupied by Eddie Stobart on a ten-year lease without break.