Tristan Capital Partners has teamed up with SNEL BeratunsgesellschaftmbH to invest in German and Austrian value-add logistics real estate.
The newly created logistics joint venture between Tristan’s EPISO 5 opportunity fund and SNEL has acquired a 121,505sqm logistics site in south-west Germany from the Marathon Asset Management Saar IV fund as the partnership’s first deal.
Tristan said SNEL had initially acted on behalf of Marathon Asset Management in repurposing and de-risking the site and will now be a significant co-investor, acting as the local operating partner for EPISO 5.
The site, located within the Kleberareal logistics park in Saarland will be developed into multiple warehouses totalling 55,000sqm of lettable space.
Kristian Smyth, executive director at Tristan Capital Partners, said: “The acquisition of this well-located site is the first step in a broader strategy focused on expanding our German and Austrian logistics footprint.
“This strategic JV will be focused on value-add opportunities with gross lettable areas in excess of 50,000sqm in supply-constrained locations.”
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