Valor Real Estate Partners has bought a 160,000 sq ft grade A logistics asset in Thurrock, East London for £21m.
The asset of c.160,000 sq ft is currently let to Wincanton, Britain’s largest logistics firm.
Cane Napolitano, Principal at Valor, said:
“This acquisition highlights Valor’s approach to investing in high quality assets with value add potential in strong in-fill locations. The submarket of Thurrock has historically enjoyed high rental growth, and this is projected to continue due to decreasing supply of quality logistics assets, as well as increasing demand, particularly from occupiers being squeezed out of submarkets within the M25”.