Valor Real Estate Partners (Valor), Acpan-European urban logistics platform, has added to its €1 billion-plus ($1.19 billion) portfolio with the acquisition of four urban logistics properties located in prime Paris and Lyon submarkets, for a total consideration of €30 million ($36 million).
Valor has acquired a 2,000-square-meter (21,530-square-foot) industrial vacant unit in Créteil, 10 kilometers (6.2 miles) southeast Paris. The asset was owned by Rolesco, a French SME specialized in refrigeration products. Créteil is one of the most attractive submarkets in Paris with a structural supply shortfall and increasing tenant demand.
In Argenteuil, northwest Paris, Valor has recently completed the off-market purchase of a high-specification 10,500-square meter (113,021-square-foot) warehouse located 12 kilometers (7.5 miles) from Paris from a French luxury catering company part of the Do & Co group. The warehouse, which is currently vacant, benefits from its prox
