Valor Real Estate Partners, which invests in industrial real estate across Europe, rolled out its second fund backed by AIG Global Real Estate, Institutional Real Estate Inc. reported.
Including leverage, the Valor Industrial Partners 2 fund will have more than £300 million of purchasing power. Similar to its predecessor, the new fund will target investments and selectively develop logistics and industrial real estate in the U.K. and continental Europe.
Valor, through the fund, has bought three modern warehouse units covering 135,000 square feet in Dartford, U.K., bringing the company's Greater London portfolio to roughly £150 million, according to the global media firm.
AIG Global Real Estate is the real estate arm of global insurance organization American International Group Inc.