{"id":1144,"date":"2022-05-26T11:53:01","date_gmt":"2022-05-26T11:53:01","guid":{"rendered":"https:\/\/listselfstorage.com\/uk\/industry-insights\/?p=1144"},"modified":"2022-05-26T11:53:01","modified_gmt":"2022-05-26T11:53:01","slug":"valor-extends-london-last-mile-footprint-with-c-70-million-buy","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/uk\/industry-insights\/valor-extends-london-last-mile-footprint-with-c-70-million-buy\/","title":{"rendered":"Valor Extends London Last Mile Footprint With c. \u00a370 Million Buy"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span style=\"font-family: Arial, sans-serif;\">Valor Real Estate Partners has acquired two urban logistics estates, located in Mitcham and Watford, for a total consideration of c. \u00a370 million, from DTZ Investors.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">In Mitcham, South London, Valor has completed the acquisition of a 105,000 sq ft multi-let <\/span><span style=\"font-family: Arial, sans-serif;\">industrial estate on Mitcham Industrial Estate. It occupies a prime last-mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes&#8217; drive.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">Currently, 72% occupied by tenants spanning the self-storage and DIY sectors, it offers a mix of strong day one income and a near term repositioning opportunity, via the heavy <\/span><span style=\"font-family: Arial, sans-serif;\">refurbishment of a vacant unit, to improve the rental tone.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">In Watford, Valor has acquired a 2.87-acre site in a uniquely positioned infill location close to the M1 (Junction 5) and the M25 (Junction 19), enabling direct access to Central London and across the South East. Comprising four units of between 13,000 and 19,000 sq ft, it is fully let on long-term tenancies to a bathroom wholesaler, AV equipment provider, confectionery wholesaler, and electrical components manufacturer.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">Both submarkets are characterised by an acute demand-supply imbalance, driven by <\/span><span style=\"font-family: Arial, sans-serif;\">competition from alternative uses and an increasing need for businesses to have access to dominant metropolitan centres in ever shorter drive times.<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">Jeremy Achkar, Vice President of Investments at Valor, commented: \u201cWatford and Mitcham <\/span><span style=\"font-family: Arial, sans-serif;\">are two of London\u2019s most supply-constrained submarkets. These purchases both offer the <\/span><span style=\"font-family: Arial, sans-serif;\">ability to drive the rental tone through active asset management, which we look forward to <\/span><span style=\"font-family: Arial, sans-serif;\">effectuating in short order.\u201d<\/span><\/p>\n<p><span style=\"font-family: Arial, sans-serif;\">Valor was advised by Clifton Agency and DLA Piper on the transaction in Watford. DTRE and Simmons &amp; Simmons advised Valor on the acquisition in Mitcham.<\/span><\/p>\n<p><a href=\"https:\/\/www.property-magazine.eu\/valor-extends-london-last-mile-footprint-with-c-70m-buy-61323.html\"><strong>Source<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Valor Real Estate Partners has acquired two urban logistics estates, located in Mitcham and Watford, for a total consideration of c. \u00a370 million, from DTZ Investors. In Mitcham, South London, Valor has completed the acquisition of a 105,000 sq ft multi-let industrial estate on Mitcham Industrial Estate. It occupies a prime last-mile logistics location on the A216, providing direct access to the A23 and A24 in less than 10 minutes&#8217; drive. Currently, 72% occupied by tenants spanning the self-storage and DIY sectors, it offers a mix of strong day one&hellip;<\/p>\n","protected":false},"author":13,"featured_media":1145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,5],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1144"}],"collection":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/comments?post=1144"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1144\/revisions"}],"predecessor-version":[{"id":1146,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/posts\/1144\/revisions\/1146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media\/1145"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/media?parent=1144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/categories?post=1144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/uk\/industry-insights\/wp-json\/wp\/v2\/tags?post=1144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}