European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has completed the purchase of five core warehouses in Poland from Panattoni Europe and Standard Life Investments for about EUR 91 mln.
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has completed the purchase of five core warehouses in Poland from Panattoni Europe and Standard Life Investments for about EUR 91 mln.
The assets, built between 2007 and 2009 and located in Lodz, Poznan and Pruszkow, total around 170,000 m2 and are multi-let to over 18 separate tenants with 100% occupancy.
Ric Lewis, CEO of Tristan Capital Partners commented: 'For the first time in the last few years, the market is ascribing what seems to us as a more appropriate risk premium to this growing and substantial, but immature, real estate investment market, as compared with similar strategies in Western Europe. This makes the Polish marketplace more interesting to us than it has been in the recent past.'
JLL Poland provided market advice to the EPISO fund. Salans advised the EPISO fund on legal issues and Clifford Chance advised Panattoni Europe and Standard Life Investments.
