Valor buys north London industrial estate from HBD for £20m

Valor Real Estate Partners has acquired a multi-let industrial estate in Edmonton, north London, from HBD for approximately £20m. The 58,449 sq ft estate, completed in 2021, comprises nine units across two terraces and is 80% let to three wholesale businesses.  Jeremy Achkar, senior vice president at Valor, said: “This acquisition underscores our market-leading ability to identify and then secure highly functional, multi-let industrial assets in core London submarkets, with attractive rental growth prospects.” The company has closed or been under offer on £300m of acquisitions in London in the second half of 2024.