European last-mile real estate manager Valor Real Estate Partners has added a 3.3-acre site to its UK portfolio.
Valor said it has acquired the site in Enfield from a private seller, adding £56m (€66.2m) in gross development value (GDV) to its London pipeline, which now exceeds £400m of GDV and totals approximately 1m sqft.
The manager said it plans to replace the existing property with a 109,000sqft distribution unit, scheduled for completion in the second half of 2026.
Timour Wielemans, VP 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.”
To read the latest IPE Real Assets magazine click here.
