Valor Real Estate Partners and QuadReal Property Group have made their first development acquisition in Amsterdam, securing a land plot in West Amsterdam from Intospace. The joint venture will develop a 33,000m² high-specification distribution centre with a Gross Development Value of €60m.
The state-of-the-art facility will target BREEAM Excellent certification and is designed to be energy-positive, producing more energy than it consumes. Completion is scheduled for H1 2026. Located in the Zwanenburg submarket, the site offers strong connectivity via the N200 and A5/A10 motorways, providing swift access to Amsterdam’s 2.5m residents and the city centre, just 9km to the east.
The investment marks Valor’s fourth acquisition in the Netherlands in the past year.
“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,” said Matthew Ganas, Senior Vice President at Valor.
“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 615,000m².”
Loyens & Loeff, Savills Building & Project Consultancy, 1530 and ALBA advised Valor on the transaction.
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