Valor Real Estate Partners LLP (“Valor” or the “Company”) has acquired a 7.7-acre site next to Heathrow Airport, West London from Kidder Graviner. The site, which is situated 1.5 miles from Heathrow’s Terminal 5, immediately adjacent to the M4 and M25, presents a unique redevelopment opportunity in a core West London infill location.

Valor will now seek planning permission to demolish the existing facility and to develop up to 140,000 sq ft of modern Class A product. Kidder Graviner will continue to occupy the existing premises for approximately 12 months under a leaseback agreement.

The project will be managed by Valor and its development partner, Canmoor, a UK based developer, which specialises in industrial and warehouse development. Canmoor has an excellent track record in occupier delivery and speculative development in Heathrow and West London.

Christian Jamison, Managing Partner of Valor commented:

“I am pleased to announce Valor’s first UK acquisition. A preeminent logistics hub, Heathrow maintains very favourable supply & demand dynamics, generating the highest rents within the European market and experiencing strong rental growth over the last few years.

“The site is perfectly positioned to service both airport related demand as well as the growing e-commerce market for the Central / West London area. This will be one of few large, high calibre projects to be built in the area over the last decade.

“The market uncertainty following the UK referendum result means we will continue to see exciting investment opportunities in the UK and being privately funded, we are able to react quickly to those situations.”

Hugh Chesterton of Canmoor added:

“We are delighted to be partnering with Valor Real Estate Partners on its debut acquisition. This development will deliver the high quality, modern industrial space which occupiers are crying out for in this sought-after West London location.”

In addition, Valor continues to build its investment team with two new hires. Victor Massias and Cane Napolitano will join as Principals. Both join from IDI Gazeley, a global leader that specialises in investing and developing logistics warehouses, having had previous stints at Goodman and KTR Capital respectively. Victor will initially focus on Southern Europe, including France, Italy and Spain, while Cane’s initial focus will be on the UK, Netherlands and Germany. Victor has already started work at the firm, while Cane is set to join shortly. Furthermore, Layla Powell joins as an executive assistant from Permira. Valor will continue to add further resources to its team over time.

Jamison commented:

“I am delighted to welcome our new appointments to Valor. Victor and Cane have an impressive level of deal experience as well as a strong understanding of the evolving occupational requirements within the logistics real estate sector. Layla brings with her substantial experience of the private equity industry. They are great additions to the Valor team.”