Valor and QuadReal expand Lyon logistics footprint

Last-mile logistics specialist Valor Real Estate Partners and its joint venture partner, QuadReal Property Group, have acquired two last-mile warehouses in Lyon, France, for €10 mln. 

Logistics - QuadReal

These acquisitions expand Valor's portfolio in the Lyon region to over 120,000 m2.
The first property is a 5,000 m2 facility in Chaponost, west of Lyon. Built in 2001, it is fully leased to a solar panel distributor and offers features like a large yard and multiple dock doors, with excellent connectivity to the city centre.
The second acquisition is a 5,000 m2 modern distribution centre in Corbas, located in Lyon's eastern ring road area. Completed in 2013, this property is fully leased to a truck spare parts distributor. Corbas is a highly desirable industrial submarket with strong connections to the city centre and major motorways, where Valor now manages five assets.
Valor plans to implement various ESG initiatives at both properties, including LED lighting upgrades and advanced building management systems.
Thibault Schnyder, VP at Valor, said: “These two off-market transactions reinforce Valor’s position as one of the key players in Lyon despite a difficult macro-economic environment, and sit at the heart of the platform’s investment strategy to grow our last-mile presence in key European distribution hubs. Valor is proud to continue working with local partners and supporting SMEs’ growth ambitions by providing functional real estate with rapid access to the city centre and surrounding catchment areas.”
Thomas Blangy, senior VP at QuadReal, added: “Together with Valor, we have built a leading portfolio of high-quality industrial and logistics assets in the strategically important French market, with Paris and now Lyon representing key areas of strength. With their excellent connectivity and proximity to sought-after submarkets, these two additional sites are 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 Brice Robert, Oudot Notaires, Simmons & Simmons, and Andine Groupe.