QuadReal and Valor purchase last-mile warehouse in Paris

QuadReal and Valor, through their joint venture, are growing their presence in Europe's leading e-commerce market by purchasing a 10,000 m² last-mile distribution warehouse near Paris in Wissous.

The cross-dock facility, acquired via a sale-leaseback agreement, is strategically located in a prime logistics area south of Paris, offering excellent access to the city centre and the broader Île-de-France region. Key features include 11 loading docks, four units, and a 10.5-metre internal height.
A portion of the warehouse is currently leased to Legendre, a major construction and real estate company, under a nine-year agreement.
Valor plans to enhance the property's sustainability by implementing energy-efficient upgrades such as LED lighting and a building management system, aiming for a BREEAM "Very Good" certification.
This acquisition is the JV's fourth in the Paris area this year and follows their recent announcement of a new last-mile logistics development project in Aulnay-sous-Bois, bringing their total development pipeline in France to almost €300 mln.
Flavien Caminati, Senior VP at Valor commented: “This is the latest demonstration of our ability to secure income producing logistics assets in Europe’s most supply-constrained urban markets, as we continue to scale our sizeable platform in Paris. Wissous is a highly sought-after distribution location, exceptionally located to serve a dense, high-consumption population. Our focus is on driving further value through our proven, hands-on, ESG-led asset management strategy.”
Thomas Blangy, senior VP at QuadReal, added: “This transaction further expands our presence in the key logistics hubs around Paris, one of the most important markets in Europe. Together with Valor, we have built a high-quality portfolio of well-located industrial and logistics assets, with France now a particular area of strength. This transaction is firmly aligned with our global investment strategy of targeting high-growth urban logistics hubs in key markets across Europe and the UK.”
Valor was advised by EOL, Oudot Notaires, Simmons & Simmons, Andine Groupe, and Hogan Lovells.