Valor Real Estate Partners LLP (“Valor” or the “Company”) is pleased to announce that it has acquired on behalf of its clients a 206,968 sq ft distribution asset (the “Asset”) in Milton Keynes, in an off market deal from British Asian businessman Gulu Lalvani.

The Asset, which is positioned along the M1 corridor, is strategically well placed to serve the national market whilst also offering direct access to the major conurbations of London and Birmingham. Furthermore, Milton Keynes continues to be the location of choice for many national distributors like John Lewis and Amazon and numerous business headquarters, including Mercedes Benz and Home Retail Group.

Valor will immediately undertake an extensive 4 month refurbishment program at the site, including a façade upgrade, full replacement of the warehouse roof, extension of the yard and office renovations. These improvement works will restore the asset to a grade A ‘shelf-ready’ product with the potential to be leased either as one larger or two smaller units.

Christian Jamison, Managing Partner of Valor commented:

“I am pleased to announce Valor’s second acquisition in the UK. This deal underlines Valor’s strategy of repositioning an older but fundamentally high-quality asset with excellent specifications in a strong location.

“The Asset is perfectly positioned along the M1 corridor, connecting commuter and trading links across much of the South East of England. Through the refurbishment and upgrade of the Asset, we will create a prime logistics unit in the area.

“We continue to see many exciting prospects within both the UK and European industrials and logistics markets. We are in a unique position to respond quickly to capitalise on these opportunities.”

Valor was advised by JLL on the acquisition of the Asset while Gulu Lalvani retained Savills/Louch Shacklock to assist with the disposition.