Valor Real Estate Partners has been appointed by Apollo as asset manager for a prime, 230,000m² (c. 2,475,oooft²) portfolio of infill logistics assets, located across 11 of Europe’s dominant metropolitan centres.
The 24-asset portfolio is a mix of standalone urban warehouses and small urban estates, all located in proximity to large population centres, transport nodes, and key consumption zones.
The tenant base comprises a mix of e-commerce operators, third-party logistics providers, parcel delivery firms, and light industrial occupiers.
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.
Valor partner & head of asset management, Brad Stitchberry, said: “This is a standout pan-European last-mile logistics portfolio by location and tenant quality, offering a rare combination of stable day one income and significant reversion.
“The structural growth, driven by e-commerce, coupled with an increasingly acute undersupply of ESG-compliant space that can facilitate the time-critical distribution demands of occupiers, is underpinning its attractive rental and capital growth prospects.”
