Valor Real Estate Partners and QuadReal Property Group have added two prime last-mile properties in London to their urban logistics joint venture.
The two sites in Barking and Enfield have a total GDV of £60 million and (€71.6 million) were acquired off market, the companies said.
The 79,435 square feet Enfield property totals 11 units across three buildings and is 92% occupied by a range of trade counter and last mile businesses, with an average lease term of two years.
At the vacant 3.49-acre Barking site, the JV plans to develop a build-to-suit last mile distribution hub.
Source: propertyeu.info on the 10th of October