Valor Real Estate Partners and QuadReal Property’s European logistics partnership has added a €25m project to its portfolio in France.
The partnership has acquired a development site in North Paris from Foncière du Huit and plans to build a 12,000sqm last-mile logistics facility. Construction will begin at the end of March, with completion targeted for the first quarter of 2026.
The €25m North Paris last-mile logistics development project brings the venture’s French pipeline to €250m.
Jonathan Muller, vice president at Valor, said: “Developing best-in-class last-mile logistics space in highly supply-constrained markets is at the core of our strategy. The Mitry-Mory submarket, like many in Paris, is characterised by a high concentration of older, less sustainable stock and a progressive reduction of industrial land.
“This dynamic creates a compelling investment thesis for forward-thinking development platforms like Valor.”
Victor Massias, partner and head of developments at Valor, said following the recent launch of the firm’s Enfield redevelopment project in North London Valor continues to expand its footprint within our core markets.
Massias added: “Additionally, we have just signed 10 leases on our recently developed projects, demonstrating the relevance of our strategy across key European markets.”
Thomas Blangy, SVP at QuadReal Property, said: “Alongside Valor, we have built a robust portfolio of high-quality, well located industrial assets across Europe and the UK.
“This latest acquisition, once complete, will bring our partnership footprint to over 580,000sqm and is directly in line with our global investment strategy.”
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