A fund advised by European investment manager Tristan Capital Partners has acquired the UK headquarters of tech company Imagination Technologies in a sale-and-leaseback deal worth £30 mln (€33.6 mln).
The HQ is located in Kings Langley, Hertfordshire, and consists of two properties spanning close to 10,000 m2. It was acquired by Tristan’s CCP 5 core-plus fund.
The purchase was completed in conjunction with Alchemy Asset Management, which manages the nearby Westside project for Tristan’s European Property Investors Special Opportunities 3 fund.
Imagination Technologies, which was recently acquired by global private equity investment fund Canyon Bridge for £550 mln, brought the property to market in September 2017 through Maybridge Commercial.
Brasier Freeth LLP represented Tristan and Alchemy on the transaction. Maybridge Commercial acted for Imagination Technologies.
