Valor Real Estate Partners, set up last year by former Delin CEO Christian Jamison with US private equity firm KSH Capital, has joined forces with US insurance group American International Group (AIG) to launch a long term investment fund focusing on European logistics and industrial assets.
Valor Industrial Partners 1 (VIP1) will pursue a value-add strategy, investing in as well as developing logistics and industrial real estate in core UK and European distribution locations.
The initial tranche of committed capital will fund €300 mln of assets, but with a capacity to add similar sized tranches in the future, the business partners said.
Under the deal, Valor's existing UK assets will be transferred into the venture and will simultaneously be refinanced by Deutsche Pfandbriefbank (PBB).
'We continue to see an exciting pipeline of investment opportunities and are looking forward to completing the investment phase of VIP1 on behalf of the partnership,' commented Christian Jamison, managing partner of Valor.
Christian Jamison formed Valor Real Estate partners with KSH Capital in 2016 to invest in logistics and industrial real estate across Europe. KSH’s partners are Jeffrey Kelter and Robert Savage, the founders of KTR Capital, an investment, development and operating business focussed on industrial property in North America that was acquired by Prologis in 2015 for $5.9 bn.
Prior to Valor, Christian established Delin Capital Asset Management and served as the company’s CEO until his departure from the business in February 2016. During his tenure as CEO, Jamison established DCAM within the European logistics real estate sector, built a team and created Capital Preservation Portfolio 1, a €500 mln fund of prime European logistics properties totalling 6 million sq ft.
