Tristan fund to invest €150m in Dutch logistics, buys €25m assets in debut deal
Tristan Capital Partners is planning to grow its Dutch logistics platform to at least €150m within a year, the manager said as it announced the acquisition of its first assets for €25m.
Tristan’s core-plus long-life fund CCP 5 – in partnership with its local operating partner ARC Real Estate Partners – has acquired a property in Oss from Equity Estate and a has bought a property in Uden via a sale and leaseback transaction with Beter Bed.
Tristan said the deal is the first step towards assembling a logistics platform consisting of medium-sized warehouses greater than 10,000sqm at locations across the Netherlands.
Tristan said the platform, which is expected to grow to at least €150m within the next 12 months, will be targeting existing assets, sale/leaseback transactions and forward purchases.
Kick Van der Wel, director at Tristan Capital Partners, said Tristan has successfully assembled multiple large logistics platforms across Europe in markets like France through to the Czech Republic.
“Due to it’s strategic location, the Netherlands is one of the largest and most prominent logistics markets in Europe.
”The fast-expanding e-commerce market and the burgeoning demand for warehouse space this is creating, reinforces our belief that a large Dutch logistics platform is an attractive opportunity.”