Valor Real Estate Partners has bought three industrial assets in Greater London for a combined £50m.
The acquisitions include a 100,000 sq ft industrial park in Ruislip and a 38,000 sq ft property in Park Royal, both in West London. The third, in the east of the city, is a 93,000 sq ft building in Thurrock.
The industrial park in Ruislip comprises 10 fully-let units. A number of these have rent reviews outstanding, and Valor said it intended to “proactively manage the estate to optimise this investment”.
“We are delighted to have secured three prime assets in some of the most attractive London submarkets,” said Valor vice-president of investments Gustav Detter.
“These assets are very well-placed to benefit from above average rental growth on account of low vacancy rates and increasing occupier demand for logistics assets in these areas.”
Valor was advised by Acre Capital on the Thurrock and Ruislip deals, and Levy for the Park Royal transaction. PGIM provided financing for all three deals.