Valor Real Estate Partners has completed the acquisition of a prime last-mile logistics facility in Birmingham, for about £50 million (€60 million/$64 million), from NFU Mutual. It continues Valor’s stated strategy of expanding its footprint in select regional cities as it looks to double its U.K. portfolio. This is Valor’s second acquisition in the United Kingdom’s dominant regional metropolitan center.
The 250,000-square-foot, single-tenant unit is occupied by KitchenCraft, one of the United Kingdom's largest kitchenware companies, on a long-term lease, and serves as its U.K. headquarters. It is located on Hub, Birmingham’s premier industrial-distribution park, which is home to a mix of national and international businesses, including TNT, Argos and Make UK.
Occupiers of The Hub benefit from its excellent connectivity via the nearby A34, A38 Aston Expressway and M6 motorway, while Birmingham city center is just three miles to the North. Witton train statio
