Valor launches new €343m value-add fund with AIG

Valor Real Estate Partners (Valor) has announced the launch of the Valor Industrial Partners 2 (VIP2) value add strategy, its second venture with AIG Global Real Estate.

VIP2 will invest in and selectively develop logistics and industrial real estate in the UK and Continental Europe. VIP2 will have more than £300 mln (€343 mln) of purchasing power including leverage.
In addition, Valor has acquired as part of the vehicle three modern warehouse units in Dartford, East London totalling 135,000 sq ft (12,500 m2). The site provides direct access to the densely populated East London area.

The transaction takes the value of Valor’s Greater London portfolio to £150 mln.
Christian Jamison, managing partner of Valor commented: 'Our clear strategy and hard work has enabled us to capitalise on opportunities in the market and to deploy capital quickly. The launch of VIP2 means that we can continue this growth trajectory.'
Kevin Reid, Chief Operating Officer of AIG Global Real Estate added: 'This partnership represents an important component of our global industrial strategy, and complements our existing pan European activities in the office, industrial, residential and student accommodation sectors.'


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