Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has acquired, on behalf of its joint venture (the “JV”) with QuadReal Property Group (“QuadReal”), a global real estate investment, operating and development company, a 3,000 sqm ultra last-mile logistics asset in Le Kremlin-Bicêtre, Paris, for c. €10 million total consideration, as it continues to expand its footprint in Europe’s most competitive and supply-constrained markets.
Built in the 1980’s, the high-quality unit is fully let to a leading construction materials company and a self-storage operator.
After Valor’s recent leasing success at Arcueil Valor Park where it achieved record rental values, this acquisition underlines the JV’s continued conviction in Paris’s south Périphérique cluster, where competition for land is exceptionally high due to the predominance of residential use and limited industrial zoning. Located just steps away from Line 7 of the Paris Métro and within immediate proximity to the Périphérique, an important ring road, the asset provides unparalleled access to the city centre making it a highly attractive and resilient location for ultra-last-mile logistics.
Ben Brunschwig, Principal at Valor Real Estate Partners, commented: “This acquisition, the 7th in France this year, expands our Paris urban logistics portfolio underscoring our position as one of the most active investors in last-mile facilities across the city. Opportunities to acquire high-quality stabilised assets within the Périphérique are exceptionally rare and demonstrates our ability to identify and execute transactions in one of Europe’s most constrained and competitive markets.
Thomas Blangy, Senior Vice President at QuadReal, said: “This transaction further strengthens the JV’s portfolio in the strategically important Parisian market, and underscores our confidence in the sector in France as a whole. With its excellent connectivity and transport links, the site is firmly aligned with our global investment strategy of targeting high growth urban logistics hubs in key markets across the UK and Europe.”
Valor was advised by Oudot (notary), Simmons & Simmons (real estate/tax/structuring), CBRE (broker) et Andine (technical).
