Valor Real Estate Partners to announce the £9.28m off-market acquisition of a c.50,100 sq ft logistics asset located just south of Gatwick in the high performing submarket of Crawley, Sussex.

The asset has a strong, secure, covenant with a FTSE 100 tenant and benefits from excellent access to South London and the affluent South East commuter belt – conveniently located, just on the edge of the Greater London Green Belt, catering to both Gatwick Airport as well as broader South London tenant demand.

At c.50,100 sq ft, the asset was recently refurbished and holds a number of attractive specifications, including a high-clearance height and four level door access with two docks.

Gustav Detter, Vice President at Valor commented:

“I am very pleased to announce our third acquisition in the dynamic submarket of Crawley. This is a high-quality asset in a key location, with access to both South London and the wider South-East commuter belt, and appeals to our commitment to acquiring high-quality assets in competitive markets. “With continuing low vacancy rates, constrained regional supply, and a limited development pipeline, Crawley is well positioned to sustain the strong rental growth we have seen in recent years”.

Valor pursued the transaction off-market from a private seller, represented by David Esterkin at Greenberry Advisors.