French institutional investor Corum AM has bought an office asset in Italy from a core-plus property fund advised by Tristan Capital Partners.
Tristan Capital, on behalf of the Curzon Capital Partners IV fund, has completed the sale of the office facility in Rome for an undisclosed amount.
Tristan Capital said the transaction marks the fund’s second sale from a portfolio acquired from AXA in the fourth quarter of 2016.
Yassine Berkane, director at Tristan Capital Partners, said: “Since the asset was first acquired we have helped to significantly grow its commercial performance.”
Berkane said the facility is now fully-let to telecoms firm Colt Technologies.
“While the impact of the COVID-19 pandemic has created an extremely challenging and uncertain environment, we think it’s positive that we are still finding partners who are ready to engage in deals like this.”