Valor Real Estate Partners, Europe’s leading specialist in last-mile logistics, has been appointed by Apollo (NYSE: APO) as Asset Manager for a prime, 230,000 sqm portfolio of infill logistics assets, located across 11 of Europe’s dominant metropolitan centres. Last-mile logistics has delivered strong return outperformance in recent years, supported by the structural tailwinds of e-commerce growth, rapid urbanisation and evolving consumer demand patterns, with limited land availability in major cities set to restrict future supply.
The 24-asset portfolio is a mix of standalone urban warehouses and small urban estates, all located in strategic proximity to large population centres, transport nodes, and key consumption zones. The tenant base comprises a diversified mix of e-commerce operators, third-party logistics providers, parcel delivery firms, and light industrial occupiers.
In line with its value-add expertise, Valor will undertake a phased sustainability-led refurbishment and redevelopment programme across select assets to meet the growing demand for high-quality, last-mile distribution facilities.
The portfolio was aggregated by Apollo-managed funds between 2020 and 2022 as part of its investment strategy into urban logistics focused on acquiring high-quality assets an attractive basis, with multiple value creation levers. The strategy focuses on assets in supply-constrained locations that are underpinned by secular demand trends.
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