Valor Real Estate Partners and QuadReal Form Western European Last Mile Logistics Platform
Posted on 11/02/2020
Valor Real Estate Partners and QuadReal Property Group formed a joint venture to invest €1 billion in urban logistics assets located in key U.K., French, and German cities. QuadReal Property Group is the real estate unit of British Columbia Investment Management Corporation.
This joint venture will target urban last mile logistics centers. QuadReal will be the majority investor in the JV, which will have initial capital commitments of €440 million, which with leverage, will provide in excess of €1 billion of investable capital.
Valor Real Estate Partners will be responsible for sourcing and managing the portfolio, leveraging its significant experience acquiring, developing in-house and managing infill logistics assets, having grown a circa €1 billion pan-European portfolio of prime urban logistics assets in just four years.