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M7 completes on a sale of portfolio of five logistics parks across Hungary

The 84,000 sq m portfolio, which includes three assets in Budapest, one in Eger and another in Pécs, was assembled by M7 in three separate transactions during 2016 and 2017. M7 identified an opportunity to enhance the performance of these assets and reduce vacancy by implementing a targeted EUR4.6 million capex programme and new marketing strategies.
 
As a result of this activity, the average occupancy of the portfolio has increased from 63 per cent on acquisition to 94 per cent, whilst the total rental income has grown by 60 per cent. In addition, the WALT of the portfolio has almost doubled to 3 years. 

Source : propertyfundsworld.com on September 30, 2019 (https://www.propertyfundsworld.com/2019/09/26/279016/m7-sells-five-asset-hungarian-portfolio)