Oxford, AustralianSuper and M7 Real Estate acquire 175,000 sq ft West London urban logistics asset

LONDON

M7 Real Estate (“M7”), the market leading European investment and asset management business, announces the acquisition of six industrial and logistics units in Hayes, an established West London distribution hub. This acquisition has been undertaken on behalf of the European Supply Chain Income Partnership (“ESCIP”), a pan-European industrial and logistics investment vehicle backed in joint venture (the “JV”) by M7’s owners LEGACY3 Development Group, a leading global real estate investor, developer and manager, and AustralianSuper, Australia’s largest superannuation fund. The acquisition continues the momentum achieved during a busy year in 2025 during which ESCIP acquired over €600 million of urban and mid box industrial and logistics assets.

Strategically located on a prime 8.8-acre site on Swallowfield Way in Hayes and in close proximity to Heathrow Airport, the asset comprises c. 175,000 sq ft across the six units. The site is anchored by a self-contained 68,000 sq ft warehouse that is occupied by CPI TMD Technologies on a long-term lease running to 2045.

The remaining 107,000 sq ft of space comprises a part-refurbished multi-let industrial estate with two of the recently vacated units re-let in short order. M7 has identified a number of immediate asset management opportunities to create value within the asset including refurbishing units, improving the environmental efficiency and growing the income profile.

Hayes is a core West London submarket within a strong employment catchment area. It services both Heathrow Airport and the wider urban area via its excellent transport links, including Crossrail connection and nearby motorway network. The site is straddled by the M4 to the south, A40 to the north, M25 to the east and the A312 to the west, which also provide good access across the UK.

M7 has now executed nine investments across the UK and Europe on behalf of ESCIP, as it continues to scale the platform across key logistics markets across Europe, bringing total assets under management to more than €1.5 billion GAV and a portfolio of over 12 million square feet, across 120 prime European logistics assets.

John Pow, Managing Director at M7 Real Estate, commented: “The acquisition of this high-quality well-located asset was completed swiftly and demonstrates M7’s ability to act quickly and decisively to meet counter parties’ requirements, while maintaining our disciplined approach to capital deployment. We have identified several compelling opportunities to create value at Swallowfield Way, particularly around refurbishment and upcoming lease events to capitalise on robust occupier demand.  We now look forward to leveraging M7’s asset management expertise and presence on the ground to let up the remaining vacant space.

“This latest transaction continues the momentum M7 has achieved for ESCIP, with over €600 million invested in 2025. This demonstrates our commitment to scaling the portfolio in high growth and supply constrained industrial and logistics markets across the UK and Europe and we are aiming to deploy in excess of this in 2026”