Valor Real Estate Partners, has acquired, on behalf of its joint venture with QuadReal Property Group, a high specification, single-tenant light industrial unit in Silvertown.
The 4,100m² (c. 44,100ft²) property represents the joint venture’s fourth purchase since the start of the year, totalling over €200 million (c. £167m) across the UK, France and the Netherlands.
The industrial unit in Silvertown also represents a purchase in one of the UK’s busiest last-mile logistics submarkets where supply has decreased by 26% since 2011.
Senior vice president at QuadReal Thomas Blangy said: “Together with Valor we have built a high-quality portfolio of well-located industrial and logistics assets representing almost 585,000m² (c. 6.3 million ft²) of space across Europe and the UK.
“This latest investment is in line with our global investment strategy of targeting high-growth urban logistics hubs where supply constraints create significant potential for value creation.”
