04 Nov 2019

Tristan Fund Acquires First Assets for Dutch Logistics Platform

Source: Tristan Capital Partners Press Release


7 November 2019, London: CCP 5, the core-plus long-life fund advised by Tristan Capital Partners, and local operating partner, ARC Real Estate Partners, have acquired two warehouses in a first step towards assembling a logistics platform consisting of medium-sized warehouses at locations across the Netherlands.

The two logistics assets located in Oss and Uden were acquired for about €25 million. The Oss property has three tenants and was acquired from Equity Estate. The Uden property was acquired in a sale and leaseback transaction with the vendor, Beter Bed.

During the next 12 months, Tristan aims to grow the Dutch logistics platform to at least €150 million. The platform will be targeting existing assets, sale/leaseback transactions and forward purchases. Target lot sizes will comprise assets greater than 10,000 sqm, with all assets possessing institutional appeal from an occupational and capital markets perspective.

Kick Van der Wel, Director at Tristan Capital Partners, said: “Tristan has successfully assembled multiple large logistics platforms across Europe in markets like France through to the Czech Republic. Due to it’s strategic location, the Netherlands is one of the largest and most prominent logistics markets in Europe. The fast-expanding e-commerce market and the burgeoning demand for warehouse space this is creating, reinforces our belief that a large Dutch logistics platform is an attractive opportunity.”