QuadReal Property Group, Valor Real Estate Partners launch second JV

QuadReal Property Group and Valor Real Estate Partners have expanded their partnership with the launch of a second joint venture to invest an additional €3 billion ($3.4 billion) in urban logistics assets located primarily in the United Kingdom, France and Germany.

The new vehicle’s value-add and development strategy will focus on industrial assets in and close to major metropolitan areas, including last-mile logistics. QuadReal will commit the majority of the capital for the new joint venture, while Valor will be responsible for sourcing and managing the portfolio.

“The critical shortage of warehouse space in major metropolitan areas continues to grow as a result of both near term drivers, such as the current global pandemic, as well as long term drivers, such as ecommerce and urbanization,” said Christian Jamison, managing partner of Valor. “Our successful partnership with QuadReal demonstrates our ability to close transactions extremely quickly, even where