Tristan opportunity fund sells retail parks portfolio in Norway for €160m
Tristan Capital Partners’ third European opportunity property fund has sold its remaining retail parks portfolio in Norway for €160m.
European Property Investors Special Opportunities 3 (EPISO 3) has sold the four retail parks and two land plots to Oslo-based Ragde Eiendom.
The assets comprise Stoa Vest retail park in Arendal, which was acquired in 2016 and three assets that formed part of a larger retail park portfolio that Tristan acquired in 2015.
Jean-Philippe Blangy, head of asset management, said: “We have now delivered the majority of the business plans we put in place when we were acquiring the assets and we are pleased to pass them on to the highly experienced team at Ragde Eiendom.”