Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile real estate specialist, has acquired a purpose built, multi-let industrial estate in Edmonton, North London, from HBD. It continues Valor’s investment momentum, which has seen it close, or be under offer, on £300 million of new acquisitions in London in the second half of 2024.
The 58,449 sq ft, high specification estate, completed in 2021, includes eight metre clear internal heights and a shared yard with 35-metre depth. Totalling nine units across two terraces, it is currently 80% let to three wholesale businesses.
The property is ideally located for 3PL and distribution occupiers, with the nearby A1055 Meridian Way, A10 Great Cambridge Rd and the A406 North Circular providing access to approximately 7.2 million people within a 60-minute drive.
Jeremy Achkar, Senior Vice President, Valor, said: “This acquisition underscores our market leading ability to identify and then secure highly functional, multi-let industrial assets in core London submarkets, with attractive rental growth prospects. As consumer spending habits in Europe’s dominant metropolitan drive evolving real estate requirements from a range of occupiers, Workstown is a rare example of a new development delivering the type of space – purpose built with excellent connectivity – required to address what continues to be a critically undersupplied part of the market.”
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