Valor Real Estate Partners (Valor) has acquired a 1.3-ha site in Enfield, with a GDV of €66.6m, from a private seller. It expands Valor’s London development pipeline to over €476m, totalling c. 9.3m, cementing its position as one of the largest developers of last mile space in what is Europe’s dominant e-commerce market.
Valor intends to replace the existing property with a c. 1-ha, state-of-the-art distribution unit, targeting a BREAM ‘Excellent’ certification and featuring a 40m service yard, two level access doors, and eight dock level doors. Due to complete in H2 2026, it will be ideally suited for 3PL and distribution occupiers, with a population of 6.4 million accessible within a 60-minute drive.
Located in the established industrial hub of Brimsdown, North London, the site benefits from excellent road connectivity via the North Circular (10 minutes’ drive time) with the City of London accessible within 35 minutes’ drive time.
The transaction follows closely on from Valor’s acquisition of a 1.4-ha site in Barking in October last year, where it plans to develop a bespoke, €51.2m GDV last-mile distribution hub.
Timour Wielemans, Vice President at Valor, commented: “This off-market acquisition underscores our ongoing commitment to expanding Valor's development platform in London while remaining attentive to the current economic environment. We are targeting highly selective locations, with a focus on delivering best-in-class products in supply-constrained areas.”
Image source - Valor.
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