Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile logistics real estate specialist, has acquired, on behalf of its joint venture with QuadReal Property Group (“QuadReal”), a global real estate investment, development and operating company, a land plot in West Amsterdam from Intospace where it intends to develop a state-of-the-art distribution centre with a Gross Development Value of €60 million. It represents the joint venture’s first development play in what is one of Europe’s strongest performing logistics markets.
Valor will leverage its pan-European development platform to deliver a 33,000 sqm high specification property, suitable for single or multi-tenant use. The building has been designed to meet the highest sustainability standards, including BREEAM Excellent certification and it will produce more energy than it consumes, making it energy positive. Completion is targeted for H1 2026.
Located in the established Zwanenburg submarket, occupiers will benefit from the property’s proximity to the nearby N200 and A5/A10 motorways, which provide fast access to the metropolitan area’s 2.5 million inhabitants, as well Amsterdam city centre, located just nine kilometres to the east.
The Netherlands is an increasingly key market for Valor, with this investment marking its fourth acquisition within the past year.
Matthew Ganas, Senior Vice President at Valor, commented: “This transaction further reinforces our high conviction thesis that developing best-in-class last-mile logistics and distribution space in supply-constrained markets can generate significant alpha. The Amsterdam market in particular is well positioned to continue outperforming other European markets, as a result of the encouraging economic outlook and ongoing e-commerce penetration, with relatively tight supply set to be exacerbated by ongoing regeneration initiatives transforming much of the existing industrial stock inside the main ring road into new homes.”
Thomas Blangy, Senior Vice President at QuadReal Property Group, added: “This is the first development acquisition for our joint venture in the Netherlands, and aligns with our global investment strategy of targeting high growth logistics hubs in key target markets, as Amsterdam is one of the most attractive markets in Europe. Together with Valor, we have built a robust portfolio of high quality, well located industrial assets across Europe and the UK and once completed, this site will bring our partnership footprint to over 615,000 sqm.”
Valor was advised by Loyens & Loeff, Savills Building & Project Consultancy, 1530 and ALBA.
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