Tristan Fund Sells German Logistics Asset
Source: Tristan Capital Partners Press Release
26 July, London: EPISO 5, the opportunistic fund managed by Tristan Capital Partners has sold a prime logistics asset, located in North Rhine-Westphalia Germany.
The asset which consists of circa 20,000 sqm of high-quality logistics floorspace has been fully let on a long lease to the sole tenant Miele & Cie. KG. The transaction is the latest disposition from the Summit Group portfolio, purchased in June 2021.
The disposition was led by Sonar Real Estate, acting as asset manager for EPISO 5.
Fabian Meinsen, Managing Director – Portfolio & Asset Management, at Tristan Capital Partners, said: “The sale of this specific asset undoubtedly reflects the current demand which exists in the German logistic market. The Summit portfolio which we acquired last year continues to perform strongly, allowing us to take on new opportunities and structure the platform in a way which maximises its potential.”
EPISO 5 was advised by BNP Paribas Real Estate and Clifford Chance.