Tristan Capital Partners has acquired a mixed-use business estate outside the English city of Leamington Spa for £34 mln (€38.7 mln) for the EPISO 4 fund in a joint venture with Canmoor.

The facility comprises two warehouses, an office building and a development plot.

The Facility Comprises Two Warehouses, An Office Building and a Development Plot.

The 41,000 m2 asset is located 1.5 miles from the city and 27 miles south-east of Birmingham in the logistics hotspot known as the 'Golden Triangle'.
 
The site contains two distribution warehouses with 20,000 m2 and 14,500 m2 of space respectively, a 6,000 m2 office building and 1.25 ha of land.
 
The new owners plan to build new warehouse space on the plot of land while refurbishing the existing buildings. Canmoor has been appointed as development manager.
 
Nicho Jenkins, managing director at Tristan Capital Partners, said: 'The acquisition of this exciting campus gives the fund an opportunity to deliver prime logistics space and Grade A office accommodation into strong occupational markets underpinned by favourable supply and demand dynamics.'