Tristan Capital Partners, on behalf of the TIPS Two Debt Fund (“TIPS 2”) has arranged a senior loan facility to fund the off-market acquisition and capex financing of a freehold industrial asset in Park Royal, West London to Valor Real Estate Partners and RSF Partners.
Comprising 127,000 sq. ft. across 13 industrial units, Tristan provided a whole loan to fund the acquisition and refurbishment programme of the multi-let asset, located within the Westwood Park Trading Estate. This includes a strategic asset management programme which will subsequently upgrade the specifications of the asset and its sustainability credentials.
Valor Real Estate Partners is a pan-European real estate investment and asset management firm specialising exclusively in urban logistics and industrial properties, with a focus on high-growth, last-mile distribution hubs. In recent years, Valor has rapidly scaled its platform across major Western European markets, primarily London and Paris and grown its AUM to c. €4bn.
Dan Pottorff, Head of Debt Investment at Tristan Capital Partners, said: “We are excited to begin a partnership with Valor, a seasoned sponsor in the industrial and logistics space with a demonstrable track record delivering similar business plans. We closed the loan within 3 weeks of signing the term sheet, demonstrating our ability to respond with agility to our sponsor’s needs.
“This is the first investment of the TIPS Two Debt Fund and our 20th loan closed since launching the lending platform in 2021.”
Matthew Phillips, Partner and Head of Finance at Valor, said: “We are pleased to have partnered with Tristan Capital Partners on this off-market acquisition in Park Royal, one of London’s most strategically located urban logistics hubs. This deal reflects Valor’s ability to transact decisively and efficiently in time-sensitive situations, underpinned by our deep market insight and operational expertise.
“Closing the financing within 3 weeks is testament to both Tristan and Valor’s speed of execution, our relationship with the Tristan team and our shared commitment to delivering high-quality, sustainable industrial space in core urban locations.”
TIPS 2 was advised by BCLP and Valor by Simmons and Simmons and Ogier.