14 Dec 2021

Tristan Fund Acquires Paris Office Campus "Liberte 2"

Source: Tristan Capital Partners Press Release

14 December 2021, London: EPISO 5, a fund managed by Tristan Capital Partners, has purchased from two French institutional investors a 6-building office campus located on the Eastern side of Paris in Charenton-le-Pont in a share deal.

The 46,500 sq m property is fully let to blue-chip company Natixis, a subsidiary of Group BPCE. The campus boasts an array of amenities including a gym, two double-height auditoriums, library, wellness centre, training academy, company restaurant and cafeterias, and a tennis court along with 1,000 sq m of gardens, patio space and terraces.  

Colliers Global Investors (CGI) has been appointed as the operating partner from the date of acquisition.

As part of Tristan’s ‘Manage to ESG’ strategy, a comprehensive set of initiatives will be undertaken to enhance the environmental credentials of the building.

Thibault Ancely, Managing Director – Investments at Tristan Capital Partners, said:

“This acquisition offers us a high-quality, fully leased office campus located in between the River Seine and Bois de Vincennes in the immediate surroundings of Paris 12th and benefitting from excellent road access and connection to the public transport network with the Paris Metro Line 8 being just five minutes walking distance. Through our ‘manage to ESG’ strategy we will be working with Natixis and our new operating partner CGI to enhance the environmental credentials of the building.

“In France in the last 18 months, we have completed eight transactions worth c. €600m and as we head into 2022, we’re actively assessing opportunities both on and off market across the office, retail and logistics sector as we look to further grow our presence and we have currently four deals signed or into exclusivity for c. €450m.”  

Tristan Capital Partners was advised by Linklaters, Arsène Taxand, Forstone, Etude Cheuvreux, Gowling, Theop and Longevity. The sellers were advised by CGI, Gide, Etude Wargny Katz, KPMG, JLL and BNP Paribas Real Estate.