Valor Real Estate Partners and AIG launch logistics fund

By Kasmira Jefford - Tuesday, October 10, 2017 10:46

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Valor Real Estate Partners has joined forces with AIG to launch a new investment fund focused on buying and developing logistics and industrial real estate across the UK and Europe.

Valor Industrial Partners 1 (VIP1) will tap into increasing demand for logistics space, particularly with the growth of ecommerce, and will target key distribution locations close to major transport links. 

The initial tranche of committed capital will fund €300m of assets, but with a capacity to add similar sized tranches in the future.

Valor's existing UK assets will be transferred into the venture and will simultaneously be refinanced by Deutsche Pfandbriefbank (PBB).

Christian Jamison, Managing Partner of Valor said: "We are delighted to announce the launch of VIP1 and our partnership with AIG. We believe that by combining our expertise in the logistics and industrial space and AIG's strength as a major global investor, we will continue to establish Valor as a leading logistics and industrial real estate investment platform in Europe. 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."

Brooks Mohrman, managing director, Global Real Estate at AIG said: "We are excited to be partnering with Valor in Europe. The team has extensive global experience and a fantastic track record as well as a clear cut strategy, which they are well-placed to execute. We are looking forward to working together as long term partners."

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