Valor Real Estate Partners, on behalf of its joint venture with QuadReal Property Group, has completed a £260 million ($347 million) refinancing with Blackstone Real Estate Debt Strategies (BREDS), secured against its flagship VIQR 1 London Urban Logistics Portfolio.
Totaling approximately 1 million square feet, the portfolio represents a benchmark in ESG-led urban logistics, with 81 percent of the assets rated EPC A or B and three of them certified BREEAM Excellent. The transaction, which represents the largest debt facility Valor has entered into, will enable the joint venture to continue driving long-term value creation through active asset management.
The portfolio totals 14 urban logistics and light industrial assets, all located in high-barrier, infill London submarkets. Acquired in separate transactions, the assets all benefit from their strategic proximity to large population centers, transport nodes and key consumption zones, making them id
