Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile real estate specialist, has acquired, on behalf of its joint venture with QuadReal Property Group (“QuadReal”), a global real estate investment, operating and development company, a prime development site in North Paris, from Foncière du Huit. Valor plans to develop a state-of-the-art last-mile logistics facility, with a total development cost of €25 million.
Construction of the 12,000 sq m property, designed for single or multi-tenant use, will commence at the end of March, with completion targeted for Q1 2026. The facility is targeting a BREEAM “Very Good” certification and will feature solar panels, a 50-metre shared yard, and a dock ratio of 1:740 sq m, making it ideally suited for third-party logistics (3PL) and distribution occupiers.
Strategically located in the Mitry-Mory submarket, 30 kilometres north of central Paris, the site offers excellent connectivity, benefiting from its proximity to the recently extended A104 and A1 motorways, as well as Roissy Charles de Gaulle Airport, just six kilometres away.
Jonathan Muller, Vice President at Valor, commented: “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, added: “Valor is reinforcing its position as a leader in urban logistics development across Europe. Following the recent launch of our Enfield redevelopment project in North London – where we are delivering a 10,000 sqm urban distribution warehouse scheduled for completion in Q1 202 – we continue to expand our footprint within our core markets. Additionally, we have just signed 10 leases on our recently developed projects, demonstrating the relevance of our strategy across key European markets.”
Thomas Blangy, Senior Vice President at QuadReal, 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 580,000 sqm and is directly in line with our global investment strategy.”
Valor was advised by Hogan Lovells (SPA negotiation, construction, legal), Oudot (notary), S&S (financing and structuring), Naïm Steinmetz & Associés (accounting), Howden (W&I insurance), and LA4P (construction/architects, the same team behind Valor’s landmark brownfield redevelopments in Le Bourget (28,000 sqm) and La Courneuve (10,000 sqm)).
