Valor completes €30m refinancing alongside Paris logistics purchase
Valor Real Estate Partners has completed a €30m refinancing of industrial assets and teamed with AIG Global to acquire a new 667, 362 sq ft logistics site in Paris.
The refinancing covered three existing French assets in Croissy, Emerainville and Les Ulis through a €30m bond issue arranged by Venn Partners. The 860,000 sq ft portfolio was acquired from Segro in November 2017.
Valor has further added to its French portfolio with an acquisition for Valor Industrial Partners 1 (VIP1), the investment partnership it has with AIG Global Real Estate. The partnership has acquired a logistics site in Le Bourget, just outside Paris, which comprises three buildings set in 22 acres.
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