English translation of original article.

Valor Real Estate Partners (Valor) announces that it has finalized a € 103.8m refinancing of French logistics assets recently acquired on behalf of its Valor Industrial Partners 1 LP fund from pbb Deutsche Pfandbriefbank.

 In detail, this refinancing concerns five assets located in the Paris region and two located in Lyon. The combined portfolio totals 170,000 m2 of logistics real estate. The largest investment is in Le Bourget and includes 11 fully leased units and a 30,000 m2 development site.

 "Returning money to investors will provide us with additional capital to deploy in new investments. In addition, the facility provides cost-effective financing to support the delivery of our development site in Le Bourget (...), " says Matthew Philipps, Valor's director.

 Valor was advised by Simmons & Simmons and Oudot & Associés, and PBB by Fairway and Lasaygues & Associates.