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Barking acquisition takes Valor’s East London urban logistics assets to €410m
Transactions - SEPTEMBER 23, 2021

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Barking acquisition takes Valor’s East London urban logistics assets to €410m

by Released

Valor Real Estate Partners has completed the acquisition of an urban logistics asset in Barking, East London, from a private seller in an off-market transaction.

The estate comprises 26,000 square feet of modern logistics space on a 1.27-acre plot, which fronts onto the A13 and is within 20 minutes’ drive of both Canary Wharf and the City of London. The four units are currently fully let to a mix of food “cash and carry” retailers and, upon lease expiry, Valor intends to modernize and reposition the estate to meet demand from last-mile ecommerce businesses.

Barking is characterized by a very low availability of light industrial space, as pressure to deliver housing in East London is leading to the reallocation of industrial land. According to Valor’s analysis, the vacancy rate in the London Boroughs of Barking and Newham is less than 3 percent, close to an all-time low, and is likely to tighten further with the area’s forecast to lose around 10 percent of exi

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