Valor Real Estate Partners continues to build scale in the highly competitive Paris market with the acquisition of a 33,000-square-meter (355,209-square-foot) industrial estate in the core submarket of Trappes. Valor has acquired the site for €40 million ($43 million) from a fund managed by Savills Investment Management.
The estate, which comprises two buildings on a 20-acre site, is fully let to a leading retailer of homeware, toys and other goods, with an average unexpired lease term of approximately four years and interim break options.
The transaction increases Valor’s footprint in the highly attractive submarket of Trappes, which is located 30 kilometers (19 miles) southwest of Paris, offers excellent connectivity via the N10 arterial road, and is close to the A86 (Paris second ring road) and N12 (Paris-Western France motorway). In December 2021 Valor completed the acquisition of a nearby 18,000 square meters (193,750 square feet) for a full grade-A refurbish
