Valor Real Estate Partners has launched its second fund with AIG Global Real Estate, Valor Industrial Partners 2 (VIP2), which has £300m purchasing power including leverage.

VIP2 will invest in and develop logistics and industrial real estate in the UK and Europe, continuing the value-add strategy deployed by VIP1.

In addition, Valor has acquired three modern warehouse units in Dartford, east London totalling 135,000 sq ft which will form part of the vehicle.

The Dartford deal takes the value of Valor’s Greater London portfolio to approximately £150m.

Kevin Reid, chief operating officer of AIG Global Real Estate, said:

“We are pleased to continue our collaboration with Valor. 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.”