Valor Real Estate Partners has completed the acquisition of a 26,000 m2 Grade-A logistics asset in Dugny, within the Grand Paris regeneration zone, from an institutional English investor. Financial details were not disclosed, however the asset is said to be valued at over €40 mln.
The property, which was refurbished in 2021 to modern design and sustainability standards, offers 11m clear height and 41 loading docks (1/600 SM ratio), with a 38m vehicle yard. It is fully let to two ecommerce businesses with a WALB of c. 4 years.
The acquisition was part funded by a loan secured from ING, on competitive terms. It represents the second financing transaction between the two companies. The acquisition takes Valor’s deployment to more than €3.5 bn in Europe.
Source: PropertyEU 16 Sep 2024