M7 achieves record rent at Castle Donnington air cargo scheme

M7 elbestrasse

M7 Real Estate has completed five new lettings totalling 50,500 sq ft at the Air Cargo Centre in Castle Donnington, which is now at full occupancy, on behalf of a global institutional investor.

The asset, which comprises a total of 142,000 sq ft of industrial space, was acquired as part of the M Portfolio from Commercial Estates Group in October 2018. The property, which is located adjacent to East Midlands Airport, had a vacancy rate of 31.4% across four units totalling 44,500 sq ft with a further two units totalling 6,000 sq ft becoming vacant shortly after.

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