Urban logistics specialist Valor Real Estate has bought yet another asset in East London.

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Valor has established a €1bn portfolio, comprising more than 90 assets and 6million sqft in just over four years, by focussing on central warehouse facilities in London and Paris,

And today (April 15) it announced the purchase of its eighth such site in the east of the capital – the 24,000 sqft Dorma Trading Park in Leyton.

Jeremy Achkar, UK Transactions Lead at Valor, said: “This acquisition demonstrates our ability to identify and navigate opportunities with planning complexities.

“This asset is ideally suited to serve a large catchment for last-mile delivery, in particular food delivery, providing easy access to central London and the wider metropolitan area.

“This deal represents our first purchase in the borough of Waltham Forest, where we hope to expand our footprint in the coming years.”

Acquired from a food wholesaler, Valor intends to reposition the asset to cater to last-mile logistics, given the accessibility and connectivity of the location. Between 2015 and 2020 rental income has increased by 40% in the area.

Dorma is also located close to East London’s major urban regeneration schemes, including the Queen Elizabeth Olympic Park, where the development of new infrastructure, homes and workspace on former industrial land will increase population density and underpin demand for last-mile delivery.

Valor was advised by Doherty Baines and Simmons & Simmons.

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