9th June 2022
Valor completes London portfolio acquisition for c. £70m

Transaction comprises six industrial assets comprising a total of 157,000 sq ft within M25. Rare opportunity to aggregate scale in London’s highly granular urban infill submarkets.

Valor Real Estate Partners (“Valor”), Europe’s fastest growing last-mile real estate specialist, has completed a portfolio acquisition in London, comprising six urban warehouse assets for a total consideration of c. £70m. The assets, which offer short-term refurbishment potential and comprise 157,000 sq ft in total, have been acquired from the Milton Group, a privately-owned development and construction company.

The portfolio includes a single warehouse unit in Beckton, one of East London’s most competitive sub-markets, which was subject to a full refurbishment in 2020, and an industrial estate in Byfleet, South-West London, comprising two warehouse units. Both assets are let to BSS Group, a distributor of heating and mechanical services equipment.

In Thurrock, adjacent to the M25, Valor has acquired a unit currently let to local independent insulation business, and also in East London, in Belvedere, it has acquired a unit let to Illusion Design & Construct, a leading manufacturer of scenery for the entertainment industry.
The portfolio also includes a unit occupied by Travis Perkins in Borehamwood, North London, and Norbiton industrial estate, located adjacent to Norbiton rail station and Richmond Park.

The transaction means Valor has now deployed c. £1bn in London since the start of 2021. The company, formed in 2016, is a pan-European specialist in last-mile urban logistics and has amassed a c €3 bn portfolio across Europe, primarily located in the key gateway cities of London, Paris and Berlin.

Jeremy Achkar, Vice President of Investments, Valor commented:

“This transaction represents a rare opportunity to aggregate scale and geographic diversification in London’s highly competitive and granular urban infill sub-markets.”