01 Aug 2011

Tristan Capital Partners/AEW Europe and Caleus announce the purchase of Treptowers in Berlin

Source: Tristan Capital Partners Press Release

EPISO LP, a value-added/opportunistic fund co-advised by Tristan Capital Partners and AEW Europe, have acquired through their Luxembourg entity and together with their partner Berlin-based Caleus Capital Investors GmbH (Caleus) the landmark office building Treptowers from a subsidiary of Allianz, represented by Allianz Real Estate Germany. The distinctive 125-meter Tower is the highest office building in Berlin and comprises together with the listed buildings along Hoffmannstraße a total of 35,000 sqm lettable area.

Ric Lewis, CEO of Tristan Capital and Senior Portfolio Manager of EPISO said: "The Fund has already established a strong presence in the Berlin investment market with the previous purchase of more than 2,600 apartments in Berlin. It has now further strengthened its portfolio in the city with the acquisition of its first landmark office investment."

Gereon Kohlgrueber of AEW Europe added: "The joint venture with caleus intends to acquire additional apartment complexes and to invest at least additional €100 million in office buildings in Berlin within the next six to twelve months."

Background information about Tristan, AEW Europe and caleus: 

Tristan Capital Partners is a London-based investment management boutique specialising in real estate investment strategies across the UK and continental Europe. Tristan is the sub-advisor/portfolio manager for the European Property Investors LP and European Property Investors Special Opportunities LP (EPISO).

AEW Europe is one of the pre-eminent European real estate investment managers with over 250 professionals operating from 11 offices in Barcelona, Bucharest, Budapest, Düsseldorf, London, Luxembourg, Milan, Paris, Prague, Stockholm, and Warsaw. AEW Europe together with its U.S. and Singapore affiliates have approximately €32 billion in gross assets under management, are a subsidiary of Natixis Global Asset Management and constitute a broad, well-established network of relationships with property investors, owners, developers and lenders across the globe.

Caleus Capital Investors GmbH (Caleus) is a Berlin-based real estate investment management company founded and led by Dr. Ulrich Weber and Patrick Reich. Caleus focuses on residential and office investments. Ulrich and Patrick have a long standing track record in the real estate industry.

For further information please contact:

Monica O’Neill, Tristan Capital Partners

Tel: +44 (0)20 3463 8868       e-mail: moneill@tristancap.com