Valor Real Estate Partners made four hires and is opening a new office in Paris as it extends the European operations for its new long-term investment fund, Valor Industrial Partners 1.
Rupert Crossland will be moving from JLL’s national logistics team to work as an associate in Valor’s asset management team. He will have responsibility for tenant relations and leasing activity across the business.
Abderhamane Belhadad joins as vice president within the asset management team and will split his time between Valor’s London and Paris offices. He joins from Goodman France where he worked on the technical development team, overseeing logistics and office projects across France. At Valor Belhadad will have responsibility for executing value-add investments and overseeing development activities across France and Europe.
Ben Brunschwig joins as an associate within the investments team, having worked previously in Goldman Sachs’ real estate team, most recently in London but also in Munich and Paris. He will focus on new investment opportunities.
Matthew Hariss joins as an associate in the Finance team. He moves to Valor from the finance team at Gramercy Europe Limited, and will work on fund accounting and reporting.
Last October last year Valor Real Estate Partners launched a long-term investment fund, Valor Industrial Partners 1, in partnership with American International Group, with an initial tranche to fund €300m (£268m) of assets.
VIP1 targets investment and development opportunities across the UK and Europe, with a focus on last-mile and infill locations close to cities and large populations in order to capitalise on increasing demand for logistics space, especially from the growth of e-commerce.
Christian Jamison, managing partner at Valor, said: “The hires underline Valor’s growth since its launch in July 2016, during which time we have acquired eight assets and launched our first fund, Valor Industrial Partners 1. We continue to see exciting opportunities in the pan-European logistics market and the strengthening our team enables us to react even faster to these opportunities.”
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