The group did not reveal the acquisition price market, but observers suggest Valor paid around £42m.

The six-unit, 144,000 sq ft industrial estate represents the first acquisition on behalf of Valor’s recently launched joint venture with QuadReal Property Group, which was formed to invest more than €1bn (£897m) in urban logistics assets located in key cities in the UK, France and Germany.

In its current configuration, the estate comprises six industrial units, ranging in size from around 7,000 sq ft to 50,000 sq ft. Valor intends to reposition the estate to cater to last-mile logistics operators.

Cane Napolitano, Partner, head of investments, at Valor, said: “This is a great opportunity to acquire a prime East London industrial property at scale and demonstrates our capital deployment capability and speed of execution for assets that fit our investment strategy. It also represents a strong start to our new JV with QuadReal.”

Valor was advised by Stonehill Partners and Simmons & Simmons.