This part of the firm’s portfolio now totals around 1 million sq ft.

Valor recently acquired a 3.3-acre site in Enfield with a GDV of £56m, where it plans to construct a 109,000 sq ft distribution unit.

This will be designed to target a BREAM ‘Excellent’ rating with a 40m service yard, two level access doors and eight dock level doors. Completion in the second half of 2026 is being targeted.

This acquisition follows other large deals in the London area.

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Recently, Valor also completed the acquisition of a 213,000 sq ft size in Beckton, where it plans to build four units ranging from 27,000 sq ft to 80,000 sq ft.

Valor is also developing an industrial scheme in Wandsworth due to complete later this month - hosting three units of 4,372 sq ft, 8,791 sq ft and 15,160 sq ft.

“This off-market acquisition underscores our ongoing commitment to expanding Valor's development platform in London, while remaining attentive to the current economic environment,” said Timour Wielemans, vice president at Valor.

“We are targeting highly selective locations, with a focus on delivering best-in-class products in supply-constrained areas.”