Valor Secures €148M in Financing for Paris and Lyon Urban Logistics Portfolios

FinancingIndustrialWarehouse & DistributionParis, FranceLyon, FranceAulnay-sous-Bois, FranceFleury-Mérogis, France
2 min read
Exterior view of the VREP Aulnay‑sous‑Bois urban logistics facility in the Paris area, showing loading docks, parked trucks and surface parking.
Exterior view of the VREP Aulnay‑sous‑Bois urban logistics facility in the Paris area, showing loading docks, parked trucks and surface parking.| Photo: Quadreal

Valor Real Estate Partners has completed two urban logistics financing transactions totaling approximately €148 million with Deutsche Pfandbriefbank, the firm announced April 30, 2026. The debt placements are secured against urban logistics portfolios located in the Paris and Lyon metropolitan markets.

Deal Structure and Financing Terms

The two transactions were arranged with Deutsche Pfandbriefbank AG and collectively represent approximately €148 million in debt across the two portfolio positions. The exact allocation of the debt between the Paris and Lyon portfolios was not disclosed, nor were loan-to-value ratios, interest rates, or maturity terms.

The Paris-area portfolio includes assets in Aulnay-sous-Bois, as well as a 10,000-square-meter cross-dock logistics hub in Fleury-Mérogis in South Paris — a project that Valor and QuadReal committed to deliver in January 2026. Details regarding the Lyon portfolio, including specific property addresses, square footage, and building counts, were not disclosed in the announcement.

VREP Aulnay-sous-Bois urban logistics property, Paris area
VREP Aulnay-sous-Bois, one of the Paris-area urban logistics assets included in Valor's €148 million financing with Deutsche Pfandbriefbank AG. (Image: QuadReal)

Context: QuadReal Platform Activity

The transaction follows other recent activity by QuadReal's global platforms. In January 2026, QuadReal's UK lending platform completed two transactions totaling £86.4 million. In March 2026, QuadReal announced the acquisition of a 27-asset UK self storage portfolio, forming a £480 million joint venture with Clear Sky. QuadReal's global debt team reported closing $4.79 billion in deals across 2025.

Fleury-Mérogis cross-dock logistics hub, South Paris
The Fleury-Mérogis cross-dock logistics hub in South Paris, a 10,000-square-meter facility committed by Valor and QuadReal in January 2026, is among the assets associated with the Paris portfolio. (Image: QuadReal)
A warehouse worker in a high‑visibility jacket inspects inventory on a tablet while standing in a large aisle lined with pallet racking and stacked boxes.
A warehouse worker in a high‑visibility jacket inspects inventory on a tablet while standing in a large aisle lined with pallet racking and stacked boxes. | Photo: Quadreal

About the Parties

Valor is an urban logistics real estate platform operating in European markets. QuadReal is a global real estate company. Deutsche Pfandbriefbank AG is a specialist lender focused on commercial real estate financing, with an active presence in European property debt markets.

No additional deal terms, broker involvement, or spokesperson quotes were included in the announcement.