Valor Real Estate Partners and RSF Partners have secured a senior loan facility from Tristan Capital Partners to fund the off-market acquisition and capex financing of a freehold industrial asset in Park Royal, West London.
The loan, which was arranged by Tristan on behalf of the TIPS Two Debt Fund (TIPS 2), was used to fund the purchase and refurbishment of the 127,000 sq ft multi-let asset.
The scheme comprises 13 units and is located within the Westwood Park Trading Estate. It will now undergo a strategic asset management programme to upgrade the specifications of the units and the scheme’s sustainability credentials.
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 three 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 twentieth loan closed since launching the lending platform in 2021.”
Matthew Phillips, partner and head of finance at Valor, added: “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 three 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 was advised by Simmons and Simmons and Ogier.
