Transactions - NOVEMBER 16, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Valor makes first acquisition on behalf of €1b QuadReal JV

by Released

Valor Real Estate Partners has acquired the New England Industrial Estate, a six-unit, 144,000-square-foot industrial estate in Barking, East London.

It represents the first acquisition on behalf of Valor’s recently launched joint venture with QuadReal Property Group, which was formed to invest more than €1 billion ($1.18 billion) in urban logistics assets located in key cities in the United Kingdom, France and Germany.

The New England Industrial Estate occupies a highly sought-after last-mile logistics location at the junction of the North Circular and A13, two of London’s major arterial routes, which can be reached in one and three minutes, respectively. Nearly 2 million people live within 30 minutes’ drive time, while London’s two main commercial districts, the City of London and Canary Wharf, are similarly accessible.

In its current configuration, the estate comprises six industrial units, ranging in size from 7,000 square feet to 50,000 square fee

Forgot your username or password?