Valor RE Partners and AIG link up to invest in logistics, industrials

Pan-European logistics firm Valor Real Estate Partners has joined forces with insurance giant AIG to launch a new long-term investment fund called Valor Industrial Partners 1 (VIP1).

The new fund will follow a value-add strategy, the companies said, investing in and developing logistics and industrial real estate in core UK and European distribution locations that are accessible to major transport links.

VIP1 will focus on ‘recycled’ locations and attempt to capitalise on increasing demand for logistics space.

The existing UK assets of Valor Real Estate Partners’ existing UK assets will be transferred into the joint venture and will simultaneously be refinanced by Deutsche Pfandbriefbank (PBB). 

The joint venture will start off with committed capital to fund €300m of assets, but will have the capacity to add similar-sized tranches of capital in the future, Valor Real Estate Partners and AIG said.

Valor Real Estate Partners was formed last year by Christian Jamison, the former chief executive of Delin Capital Asset Management, along with KTR Capital Partners founder Jeffrey Kelter.

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  • QN-2398

    Asset class: Real Estate.
    Asset region: The client will consider: Europe ex. UK, Europe incl. UK and UK Only Funds.
    Size: EUR 60 - 100 million per investment.
    Closing date: 2018-01-31.

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