The founding partners of KTR Capital Partners have teamed up with Christian Jamison, the former chief executive of Delin Capital Asset Management (DCAM) to create a new vehicle to invest in European logistics.

Based in London, Valor Real Estate Partners will invest in modern logistics properties as well as last-mile infill distribution properties across Europe, with a focus on western Europe and the UK.
 
It will initially invest its own capital, with the option of introducing third party investors at a later date. The company said it has already begun evaluating investment opportunities.
 
Jamison will head up the new venture as managing partner. He is also in the process of hiring investment professionals and recruiting a wider team with a view to having the organization established as soon as feasible.
 
He said: “I am delighted to announce the formation of Valor Real Estate Partners at such an exciting time for the European logistics real estate sector.
 
"The continued evolution of the cycle, the anticipated ownership changes amongst some large pan-European players, as well as the on-going growth in e-commerce provide a compelling environment to generate attractive risk adjusted returns.
 
Jamison established DCAM in 2012 where he built up Capital Preservation Portfolio 1, a €500mm fund of prime European logistics properties totalling 6m sq ft. He served as chief executive until his departure in February 2016.
 
KTR was established by Jeffrey Kelter and Robert Savage in 2004 as an investment, development and operating company focused exclusively on the industrial property sector in North America.
 
In May 2015, Prologis acquired the real estate assets and operating platform of KTR and its affiliates for a total purchase price of $5.9bn. In aggregate, the portfolio at the time comprised over 70m sq ft of properties including development potential.
 
Kelter said: “We see many of the same characteristics across the European industrial real estate landscape that we saw in the US when we established KTR. Against that backdrop, we see a real opportunity to establish Valor as a significant player in a relatively short period of time.”
 
Savage added: “We are very excited to be working with Christian who successfully built a strong business at Delin Capital Asset Management from a standing start. He has the experience, perspective and mind-set necessary to build a dynamic, industry-leading organization.”