Tristan invests €250m in Germany for latest opportunity property fund

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Tristan Capital Partners has invested €250m to buy three German commercial properties for its latest European opportunity fund, the manager revealed at this year’s Expo Real real estate trade fair in Munich.

The EPISO 5 fund – which raised €1.7bn in February – has invested €99m in a Berlin development site with the potential for 30,000sqm of office and commercial space and has bought an under-rented office building and land plot with an expected 10,880sqm buildable area in the North Munich for €91m.

The fund has paid €62m for a portfolio of five office buildings located in Munich (2 assets), Frankfurt, Dusseldorf and Hildesheim.

Tristan said the latest deals take the combined value of the pan-European real estate investment manager’s 11 acquisitions and sales in Germany to date in 2019 to around €900m and with a further €200m of transactions in the pipeline.

Tristan said it expects to exceed the €1.0bn milestone by year-end.

Ali Otmar, senior partner and deputy head of investments at Tristan, said: “Tristan has been investing in Germany since 2002 and over the past couple of years it’s become even more of a strategic priority for us.

“Over the past year, we have been focussing on well-located assets in the more supply-constrained sub or secondary markets around Munich, Frankfurt and Dusseldorf, completing around €900m of acquisitions so far in 2019.”

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  • EPISO 5 Germany

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  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

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