Valor Real Estate Partners has acquired, on behalf of its joint venture with QuadReal Property Group, a prime development site in North Paris, from Foncière du Huit. Valor plans to develop a state-of-the-art last-mile logistics facility, with a total development cost of €25 million ($27 million).
Construction of the 12,000-square-meter (129,170-square-foot) property, designed for single- or multitenant use, will commence at the end of March, with completion targeted for first quarter 2026.
Strategically located in the Mitry-Mory submarket, 30 kilometers (20 miles) north of central Paris, the site offers excellent connectivity, benefiting from its proximity to the recently extended A104 and A1 motorways, as well as Roissy Charles de Gaulle Airport, only 6 kilometers (4 miles) away.
“Developing best-in-class last-mile logistics space in highly supply-constrained markets is at the core of our strategy,” said Jonathan Muller, vice president at Valor. “The M
