Valor enters German logistics market with Düsseldorf deal

Pan-European urban industrial specialist Valor Real Estate Partners has made its debut acquisition in Germany with a deal in Düsseldorf.

The site, comprising two prime distribution warehouses totalling 16,384 m2, is located in the port of Neuss and benefits from its close proximity to an extensive highway, railway and waterway network according to Valor.

'Our investment into Germany is a logical, strategic expansion of our geographic focus to aggregate smaller assets in high barrier to entry urban infill submarkets in Europe,' said Christian Jamison, managing partner at Valor.

'Germany’s solid economic growth, rising employment and emergent e-commerce sector provide robust stimulus to the national logistics market. Urbanisation and e-commerce drive demand within infill submarkets and we continue to see strong rental growth through supply and demand imbalances,' Jamison added.

The warehouses have been purchased as part of an asset deal and are fully let on a medium-term basis to tenants Fahrner and Clipper Logistics, both third party logistics providers. The acquisition was completed with debt finance provided by Bayern LB.

Valor has now acquired €500 mln in logistics assets across 19 transactions in the UK, France and Germany since Q4 2016.

Valor was advised by Logivest GmbH and CMS Berlin.


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