London-based investor Valor Real Estate Partners and US insurer AIG have launched a new industrial and logistics fund to invest at least €300m in value-add opportunities throughout the UK and Europe.

London-based investor Valor Real Estate Partners and US insurer AIG have launched a new industrial and logistics fund to invest at least €300m in value-add opportunities throughout the UK and Europe.

The Valor Industrial Partners 1 (VIP1) fund is a long-term investment vehicle that intends to capitalise on the increasing demand for logistics space by targeting core industrial and logistics locations close to major transportation links, Valor REP said in a press release. The company said the initial tranche of commitments will fund €300m of assets, with capacity to add similar-sized tranches in future.

Valor’s existing UK assets will be transferred into the venture and will be refinanced by Deutsche Pfandbriefbank. “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 Valor REP managing partner Christian Jamison.

Valor REP invests in logistics and industrial real estate across Europe. It was established in July 2016 by Christian Jamison, the former CEO of UK-based logistics property group Delin, and Jeffrey Kelter and Robert Savage, the US-based founders of KTR Capital.