Tristan Capital Partners has purchased a six-building office campus on the eastern side of Paris for its €1.7bn European opportunity fund EPISO 5.
The Liberte 2 campus was sold by two unnamed French institutional investors and will be subject to Tristan’s “manage to ESG” strategy to enchance its environmental performance.
The 46,500sqm property in Charenton-le-Pont is fully let to French banking group Natixis and has an array of amenities, including a gym, two auditoriums, a library, wellness centre, training academy, company restaurant and cafeterias, a tennis court and 1,000sqm of gardens, patio space and terraces.
Colliers Global Investors (CGI) has been appointed operating partner.
Thibault Ancely, managing director of 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.”
He added: “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 circa €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 circa €450m.”
