Valor and QuadReal formed a €60m joint venture.

Valor, a pan european real estate investment and asset management partnership, and QuadReal, a global real estate investment, development and operating company, formed a €60m joint venture. “This transaction further reinforces our high conviction thesis that developing best-in-class last-mile logistics and distribution space in supply-constrained markets can generate significant alpha. The Amsterdam market in particular is well positioned to continue outperforming other European markets, as a result of the encouraging economic outlook and ongoing e-commerce penetration, with relatively tight supply set to be exacerbated by ongoing regeneration initiatives transforming much of the existing industrial stock inside the main ring road into new homes,” Matthew Ganas, Valor Senior Vice President.