Valor Real Estate Partners has acquired two multi-let urban logistics assets in London, in separate transactions, for circa £25m.
In Staines, West London, Valor has acquired two units totalling 42,000 sq ft, which are let to two distribution businesses, and in Merton (pictured), South West London, Valor has acquired a 30,000 sq ft site comprising five units, which are fully let to two light industrial tenants.
Jeremy Achkar, head of UK investments at Valor Real Estate Partners, said: “These two separate acquisitions demonstrate our continued commitment to investing in the high growth last-mile logistics sector, across a select number of dominant UK urban centres.”
Valor was advised on the transactions by SB RE and Lewis Ellis.
