The 4,100 sqm property is 100% let to Restore, a relocation, storage, and records management company, with seven years remaining and a rent review due in 2027.

Located minutes from the A13 and A406, and immediately south of City Airport, the site offers excellent connectivity across what is Europe’s dominant e-commerce centre.

This latest transaction is the joint venture’s fourth since the start of the year and follows the news of Valor’s London pipeline passing £400 of GDV.

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Jeremy Achkar, senior vice president at Valor, commented: “This latest investment is fully aligned with our strategy of acquiring best in class, last-mile property across Europe’s major cities.”

Thomas Blangy, senior vice president at QuadReal, added: “Together with Valor we have built a high-quality portfolio of well-located industrial and logistics assets representing almost 585,000 sqm of space across Europe and the UK.

“This latest investment is in line with our global investment strategy of targeting high-growth urban logistics hubs where supply constraints create significant potential for value creation.”

Valor was advised by Knight Frank and the vendor by JLL.