Apollo has appointed Valor Real Estate Partners, a European company specializing in last-mile logistics, as asset manager for a 230,000-square-meter (2.5 million-square-foot) portfolio of infill logistics assets.
The 24-asset portfolio is located across 11 of Europe’s dominant metropolitan centers. It consists of a mixture of stand-alone urban warehouses and small urban estates, all located in strategic proximity to large population centers, transport nodes and key consumption zones. The tenant base is made up of a diversified mix of ecommerce operators, third-party logistics providers, parcel delivery firms and light industrial occupiers.
The portfolio was aggregated by Apollo-managed funds between 2020 and 2022 as part of its investment strategy into urban logistics focused on acquiring high-quality assets on an attractive basis with multiple value creation levers. The strategy focuses on assets in supply-constrained locations that are underpinned by secular demand
