Valor Real Estate Partners (“Valor”), Europe’s fastest growing last-mile real estate specialist, has secured two separate green loans from ING, totalling €38.0 million, to support two recent acquisitions in key Paris and Rotterdam submarkets.

In Dugny, within the Grand Paris regeneration zone, Valor acquired a 26,000 sqm Grade A logistics asset, part-funded by a €25 million loan from ING. The property, which was refurbished in 2021 to modern sustainability standards, is fully let to two ecommerce businesses and provides excellent access to Paris city centre via the key A1 (Paris-Lille motorway) and Boulevard Périphérique (Paris 1st ring road).

Valor also secured a €13 million facility from ING to support its acquisition of a modern logistics asset in Waddinxveen, close to central Rotterdam.

The 12,633 sqm unit, which was completed in 2022 to modern sustainability standards and achieves an EPC A rating, is let to Ceva Logistics. The property is strategically situated along the A12 corridor, providing direct access across the Randstad region and to 4.1 million people within a 60-minute drive.

Since 2016 Valor has amassed a more than €3.5bn portfolio comprising c.200 urban logistics assets across the UK, France, Germany and Benelux on behalf of global investors.

Matthew Phillips, Partner, Head of Finance and Operations, Valor said:

“We are delighted to have established a new lending relationship with ING, whose deep understanding of the real estate sector and strong commitment to sustainability made them the ideal partner for these transactions. ING’s responsiveness and ability to tailor their green loan products to our specific needs were instrumental in ensuring the seamless execution of our acquisitions in Paris and Rotterdam. We look forward to building on this partnership as we continue to expand our portfolio across Europe.”

Arie Hubers, Head of Real Estate for Benelux at ING said:

“ING is happy to see that the constructive dialogue we have had with Valor over the years has now culminated into two inaugural deals In France and The Netherlands. Geographical footprint as well as conviction on long term value of infill/urban logistics and light industrial assets bodes well with ING stance on the asset class. Furthermore, there is a strong alignment on the urge to de-carbonize the portfolio. Being so complementary we view these two financings as a first step in building out a broader relationship.”

Valor was advised by Loyens & Loeff N.V. ING was advised by NautaDutilh N.V.