M Core reflects on strong year to date with strategic acquisitions in UK

M Core, a leading commercial property and investment collective, has announced a robust performance for the first nine months of 2024, further solidifying its position as a major player in the pan-European property market.

Since January, M Core has expanded its UK portfolio significantly, acquiring 19 new assets across the UK, totalling £144 million in investments. Its managed portfolio now includes 539 properties and 7,740 units, with a total value of £2.6 billion.

In addition to this, M Core has continued to evidence its commitment to sustainability through the installation of 150 EV charging points servicing 300 charging bay across its managed assets already this year.

LCP delivers strong results

LCP,  part of M Core, has also achieved impressive results in 2024. The national commercial property and investment and management company has maintained a 95% occupancy rate across its 6,484 units housed in 482 properties, with a total UK and European portfolio value of £2.3 billion.

LCP and its managed funds has completed an impressive 12 acquisitions totalling £97 million in investments. The managed estate totals 482 properties comprising 790,000 sq ft of space, a 4% increase from 2023.

Bramhall Village Square in Greater Manchester, Princes Square in Glasgow and Fforest Fach Retail Park in Swansea, represent significant additions to LCP's managed portfolio.

Evolve Estates' significant acquisitions

Evolve Estates, part of M Core, has also made big strides in the property market, with the acquisition of seven assets, totalling 1,071,000 sq ft of space and a gross investment of £47 million.

Achieving some key milestones, Evolve Estates now boasts a high occupancy rate, with it's acquisitions in the year-to-date include The Bridges Shopping Centre in Sunderland, Billingham Town Centre and Carters Square in Uttoxeter, expanding the portfolio square footage by +35%.

Sebastian Macdonald-Hall, Chief Investment Officer (Europe) of M Core, comments: “M Core's impressive UK performance and strategic acquisitions to date reinforce our commitment to growth and value creation. With a robust portfolio and a strong pan-European presence, M Core is well-positioned for continued success throughout 2024 in the commercial property market.”