Tristan Capital Partners has acquired 14 logistics sites in the UK for £108m (€117m) for its pan-European core-plus real estate fund.
The sites located across three schemes in Avonmouth, Worcester and Poole have been acquired from Richardson Capital and will be added to Curzon Capital Partners 5.
They include eight existing buildings and six developments that have been purchased through a forward commitment.
The transaction follows the off-market acquisition of 11 new-build logistic assets across the UK earlier this year from private equity firm Richardson Capital.
Canmoor Asset Management has been retained as the operating partner for the entire portfolio.
Nicho Jenkins, managing director at Tristan Capital Partners, said: “This transaction provides us with exposure to a portfolio of modern logistics assets across key locations in the UK.
“The acceleration of e-commerce this year has increased demand for high-quality, well-located assets, and with a portfolio of 25 buildings, including six development sites in the UK, we expect considerable interest from a wide range of occupiers.”
