Valor Real Estate Partners (“Valor”) is pleased to announce the launch of Valor Industrial Partners 2 (VIP2), its second venture with AIG Global Real Estate, as well as a further acquisition for the vehicle in the UK.

VIP2 will continue to pursue a value-add strategy similar to its predecessor, VIP1, investing in and selectively developing logistics and industrial real estate in the UK and Continental Europe. VIP2 will have more than £300 million 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. The site benefits from excellent connectivity to Central and Greater London, via the A2 and M25, and provides direct access to the densely populated East London area.

The transaction takes the value of Valor’s Greater London portfolio to approximately £150 million.

Christian Jamison, Managing Partner of Valor commented:

“We are delighted to have launched our second vehicle with AIG Global Real Estate, and look forward to continuing to grow the partnership. 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 commented:

“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.”

Cane Napolitano, Principal at Valor commented:

“The acquisition of three warehouse facilities in Dartford, East London is a great example of the attractive deals we are seeing in the UK market. Dartford has historically enjoyed high rental growth, which is expected to continue as a result of declining volumes of existing stock and increasing demand, particularly from occupiers being squeezed out of submarkets within the M25.”