Valor and QuadReal Acquire Prime Urban Logistics Asset in Hoofddorp, Netherlands, Extending Their Footprint in Dominant European E-commerce Market
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 newly developed logistics asset, in Hoofddorp, the Netherlands, from Van Dijk Groep (“VDG”). It takes Valor’s portfolio in the Netherland’s to c. 42,000 sqm, across three assets.
Completed in Q3 2024, the 6,000 sqm, Grade-A property is fully let to Kerry Logistics, a leading Hong Kong-based logistics firm, on a seven-year lease.
Hoofddorp is one of the most established logistics hubs in the Netherlands. The property is strategically located just 10 minutes’ drive time from Schiphol Airport, 14 minutes’ drive time from the Amsterdam A10 ring road and 12 minutes’ drive time from Schiphol’s main cargo terminal. The region has seen significant population growth, which is driving e-commerce demand, further increasing its desirability to 3PL and distribution occupiers.
Matthew Ganas at Valor, said: “This was a rare opportunity to acquire a Grade-A, mission critical asset, generating attractive day one income and located on freehold land within the urban Amsterdam market, which is one of the dominant European e-commerce centres. The investment’s appeal was further enhanced by the best-in-class nature of the real estate and local submarket supply dynamics, with a reduction of 145,000 sqm of operational stock set to drive strong future rental growth.”
Thomas Blangy, Senior Vice President at QuadReal Property Group, added: “This acquisition is in direct alignment with our long-term investment strategy which targets high-growth logistics hubs in key markets across Europe including the Netherlands. This latest investment brings the total square metres in our partnership with Valor to over 515,000.”
Contacts
FTI Consulting (Valor)
Richard Gotla, Andrew Scorgie
0203 727 1575
[email protected]
FTI Consulting (QuadReal)
Giles Barrie
0779 892 6814
[email protected]
About Valor REP
Valor Real Estate Partners LLP (“Valor”) is a pan-European industrial platform, headquartered in London, focused on urban/infill industrial and logistics properties in the UK, France, Germany, Benelux, Spain and Italy.
Founded in 2016, Valor is a full-service development management and investment business with offices in London, Paris and Berlin. Today the Company manages a c. 200+ asset portfolio totalling more than 13.5 million sq ft and c. €4bn of AUM on behalf of a number of global investors.
For further information please email [email protected] or visit http://www.valorrep.com/
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $85 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.