Project King, M&G’s platform with M7, expands with £165m deal

In February 2022, M&G Real Estate completed the acquisition of nine multi-let industrial assets across the UK from Patrizia, for £165m.

The assets totalling 1.5m sq ft will be added to M&G’s existing platform with asset manager M7 Real Estate (“M7”) known as Project King, which now has assets under management of more than £460m. The transaction provides M&G with a diversified, growing income stream that will strengthen the already successful mandate that has been managed by M7 for over eight years.

You can now read the full press release at the link below