SHD Logistics is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Last mile logistics sites planned for London

Last mile logistics property specialist Valor has bought two new sites ripe for conversion as its London portfolio expands.

Valor bought a 105,000 sq ft multi-let industrial estate at Mitcham Industrial Estate. It occupies a prime last mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes’ drive. Today, most of the occupiers are self-storage or DIY operators, but that is likely to change.

In Watford, Valor has acquired a 2.87 acre site close to the junction 5 of the M1 and junction 19 of the M25, meaning direct access to central London and across the South East. This is a longer-term project, since the four uinits are let on long-term tenancies.

“Watford and Mitcham are two of London’s most supply constrained submarkets. These purchases both offer the ability to drive the rental tone through active asset management, which we look forward to effectuating in short order,” Valor Vice President, Jeremy Achkar, said.

The buys, both from DTZ Investors, cost £70 million.

TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.