Five urban logistics units across London acquired by Valor

Urban logistics sites in Park Royal and Weybridge have changed hands in a £50m deal as investors pile into the last mile sector.

Valor Real Estate Partners, the pan-European logistics investor, has completed on five separate acquisitions across Greater London. The urban logistics hubs include a 105,000 sq ft single unit in Weybridge, a 17,000 sq ft small-bay multi-let estate and an 18,000 sq ft single-let low site cover warehouse in Canning Town, a 40,000 sq ft single distribution unit in Sunbury and a 10,000 sq ft single-let unit in Park Royal.

The Weybridge property sits on a 5.24-acre site and is currently vacant. Valor plans to refurbish the property, which is a 30 minute drive from Heathrow airport, for e-commerce occupiers.

In Canning Town, Valor has acquired a low-site cover unit which is vacant and undergoing a refurbishment program, alongside a small-bay estate currently let to a mixture of tenants.

In a fourth transaction, Valor has acquired a unit currently let to a leading global specialist in video collaboration services in Sunbury, which benefits from excellent connectivity to the M25, M3 and M4 motorways, providing direct access to the affluent South-West London demographic.

Park Royal is London’s largest business park and is often referred to as the capital’s “breadbasket”, resulting from its strategic location for freight distribution and commuting workers. The final unit acquired is fully let to a tenant in the food industry until March 2022.

Jeremy Achkar, UK transactions lead at Valor, said: “This flurry of deals demonstrates not only our continued ability to source and execute transactions in such a competitive investment environment as urban logistics, but also our willingness to deploy capital across the risk spectrum in different Greater London submarkets.”

Valor was advised by Stonehill Partners, Greenberry Advisors, BNP Paribas, De Souza Commercial Property Advisors, Simmons & Simmons and Greenberg Traurig.

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