Valor completes £25m double acquisition of London logistics assets

Jodie Bradley | 12:49 Tuesday 23rd April 2024 | 0

Valor Real Estate Partners, a real estate specialist, has completed the acquisition of two multi-let urban logistics assets in London, in separate transactions, for around £25m.

The properties, totalling about 72,000 sq ft of lettable space, are in established industrial submarkets, and extend Valor’s UK portfolio to 54 assets across 5.2 million sq ft.

In Staines, west London, Valor has acquired two units totalling 42,000 sq ft, which are fully let two distribution businesses.

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In Merton, southwest London, Valor secured a 30,000 sq ft property, comprising five units which are fully let to two light industrial tenants.

Jeremy Achkar, head of UK investments at Valor, commented: “These two separate acquisitions demonstrate our continued commitment to investing in the high growth last mile logistics sector, across a select number of dominant UK urban centres.”

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