Valor Real Estate Partners has acquired a £56m GDV industrial development site in Enfield, North London, from a private seller in an off-market deal.
Valor intends to replace the existing property, which sits on a 3.3-acre site in the established industrial hub of Brimsdown, with a 109,000 sq ft, BREEAM Excellent rated distribution unit. Construction of the new unit is due to complete in H2 2026.
The deal expands Valor’s London development pipeline to circa 1m sq ft with a GDV of £400m.
Timour Wielemans, vice president at Valor, said: “This off-market acquisition underscores our ongoing commitment to expanding Valor’s development platform in London, while remaining attentive to the current economic environment. We are targeting highly selective locations, with a focus on delivering best-in-class product in supply-constrained areas.”
