Valor Real Estate Partners (“Valor”), Europe’s fastest-growing specialist in urban logistics, on behalf of its joint venture with QuadReal Property Group (“QuadReal”) (the “JV”), a global real estate investment, development and operating company, has acquired, via a sale-leaseback, a 10,000 sqm distribution warehouse in Wissous, a highly sought-after logistics hub south of Paris.
The cross dock asset features strong technical specifications including 11 access doors, four cells, and a clear internal height of 10.5 metres. It benefits from exceptional road connectivity to central Paris and the wider Île-de-France region via its position at the junction of the A6 and A10 motorways and proximity to the A86, Paris’ second ring road.
Part of the multi-tenant property is leased to owner-occupier Legendre, the construction, real estate and energy conglomerate, on a 9-year lease.
Aligned with the JV’s commitment to responsible investing, Valor will undertake a targeted ESG-asset management programme including installing LED lighting and implementing a building management system (BMS), targeting a BREEAM “Very Good” certification.
The transaction is the JV’s fourth in Paris in 2025 and follows its recently announced commitment to develop a new 5,000 sqm last-mile logistics scheme in Aulnay-sous-Bois, North Paris, which took its total development pipeline in France to nearly €300 million.
Flavien Caminati, Senior Vice President at Valor commented: “This is the latest demonstration of our ability to secure income producing logistics assets in Europe’s most supply-constrained urban markets, as we continue to scale our sizeable platform in Paris. Wissous is a highly sought after distribution location, exceptionally located to serve a dense, high-consumption population. Our focus is on driving further value through our proven, hands-on, ESG-led asset management strategy.”
Thomas Blangy, Senior Vice President at QuadReal, added: “This transaction further expands our presence in the key logistics hubs around Paris, one of the most important markets in Europe. Together with Valor, we have built a high-quality portfolio of well-located industrial and logistics assets, with France now a particular area of strength. This transaction is firmly aligned with our global investment strategy of targeting high growth urban logistics hubs in key markets across Europe and the UK.”
Valor was advised by EOL (broker), Oudot Notaires (notary), Simmons & Simmons (tax and structuring), Andine Groupe (technical, environmental and development due diligence), and Hogan Lovells (real estate legal counsel).
