Valor Real Estate Partners (Valor) has acquired a 1.3-hectare site in Enfield, with a GDV of €66.6 million, from a private seller. It expands Valor’s London development pipeline to over €476 million, totalling c. 9.3 million, cementing its position as one of the largest developers of last mile space in what is Europe’s dominant e-commerce market.
Valor intends to replace the existing property with a c. 1-hectare, state-of-the-art distribution unit, targeting a BREAM ‘Excellent’ certification and featuring a 40 metre service yard, two level access doors, and eight dock level doors. Due to complete in H2 2026, it will be ideally suited for 3PL and distribution occupiers, with a population of 6.4 million accessible within a 60-minute drive.
Located in the established industrial hub of Brimsdown, North London, the site benefits from excellent road connectivity via the North Circular (10 minutes’ drive time) with the City of London accessible within 35 minutes’ drive time.
Source: europe-re.com on the 22nd of January 2025
https://europe-re.com/valor-acquired-a-1-3-ha-site-in-enfield-for-66-6m-gb/73896