Last-mile real estate specialist Valor Real Estate Partners’ London development pipeline has hit more than £400M in gross development value, totalling circa 1M SF, after it acquired a 3.3-acre site in Enfield with a GDV of £56M.

Purchased from a private seller, Valor said it intends to replace the existing property with a 109K SF distribution unit targeting BREEAM Excellent certification and featuring a service yard, two level access doors and eight dock-level doors.

Completion is expected in the second half of 2026 at the industrial hub of Brimsdown, north London.

The transaction follows Valor’s acquisitions either side of the new year of two more London sites. In December, it bought a purpose-built, multilet industrial estate in Edmonton, north London, from HBD. The 59K SF estate, completed in 2021, totals nine units across two terraces and was 80% let to three wholesale businesses at the time of the purchase.

Meanwhile, earlier in January, Valor, on behalf of its joint venture with QuadReal Property Group, bought a last-mile distribution centre in Purfleet, east London, for circa £130M, the JV’s largest single-asset acquisition to date and the largest of a single-let last mile asset in the UK since 2022. The 630K SF cross-docked distribution centre on Dolphin Park is let to Tesco, with nine years remaining to lease expiry.

Valor also acquired a 3.5-acre site in Barking in October last year on behalf of its joint venture with QuadReal Property Group. It plans to develop a bespoke, £43M GDV last-mile distribution hub there.

Valor also recently achieved practical completion on a 213K SF development in Beckton, east London. Targeting BREEAM Excellent certification, it comprises four units ranging from 27K SF to 80K SF.

In addition, an industrial trade scheme Valor is developing in Wandsworth is due for practical completion later in January. It will comprise three units of 4,400 SF, 9K SF and 15,200 SF aimed at last-mile logistics, distribution and trade occupiers.

“This off-market acquisition underscores our ongoing commitment to expanding Valor's development platform in London, while remaining attentive to the current economic environment,” Valor Vice President Timour Wielemans said in a statement on the Enfield purchase. “We are targeting highly selective locations, with a focus on delivering best-in-class product in supply-constrained areas.”