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.
'This was a rare opportunity to acquire a high-quality, stabilised asset in one of Paris’ most competitive submarkets, that will benefit from the significant investment around the recent Olympics,' said Flavien Caminati, senior vice president, Investments, Valor.
CBRE acted as brokers for the vendor.
