Valor Real Estate Partners has entered into an agreement to purchase a £146 million industrial estate from Lothbury Investment Management, a UK-based real estate manager. The estate, known as Tera 40, is situated on Auriol Drive in Greenford within the London Borough of Ealing.

Comprising four fully-leased distribution facilities spanning 340,650 square feet, the estate occupies a 19-acre plot. Jeremy Achkar, Valor’s Head of UK Investment, noted that this sought-after last-mile estate provides a unique opportunity to acquire substantial modern distribution space in a highly competitive sub-market of West London.

He emphasized the property’s exceptional functionality and strategic location, aligning perfectly with Valor’s London deployment strategy. Ed Hockley, Executive Director at Lothbury Investment Management, highlighted the significance of this sale, indicating that while the asset had been a part of their portfolio since its inception, its size has now prompted the decision to sell, mitigating the risk of asset concentration.