Valor Real Estate Partners has secured a €130 million ($152 million) loan from funds and accounts managed by KKR to refinance a portfolio of 12 assets located across prime submarkets in Paris and Lyon, France.
The portfolio, which is held within Valor’s joint venture with RSF, a Dallas-based real estate private equity firm spans 76,000 square meters (818,057 square feet) and includes standalone urban warehouses and small urban estates. The majority (75 percent) are located in and around Paris, with the remainder located in Lyon, two of France’s most dynamic and urban logistics markets, with strong leasing activity and constrained new supply.
The portfolio is 98 percent occupied with an average lease term exceeding seven years. The tenant base comprises a diversified mix of ecommerce operators, third-party logistics providers, parcel delivery firms, and light-industrial occupiers, reflecting robust occupier demand for well-located, high-specification logistics spa
