Valor Real Estate Partners has acquired an urban infill facility near to Paris.
Financial details and the identity of the vendor, who is a French private investor, were not revealed.
The acquisition was financed by debt funds managed by Acofi, with which Valor has a prior relationship. Another acquisition is expected to follow from this financing facility.
Located in Palaiseau 17 km south of Paris, the asset comprises around 2,500 m2, near to Orly Airport and Massy-Palaiseau train station, the capital city’s two ring roads, and the N118 which allows direct access to the wealthy western Paris suburbs.
It is currently fully let to Sade, a leading French civil engineering company on a long-term lease.
Victor Massias, principal at Valor said: ‘We are pleased to announce another excellent acquisition in France. This was a rare opportunity to acquire an independent, functional facility in a prime infill location, that also benefits from its lease to a strong-covenant and captive tenant on a long-term basis.
‘In addition, this south Paris submarket not only benefits from its superb connectivity, but also from the strong regeneration occurring in the area.’
