Tristan Capital Partners’ Curzon Capital Partners IV Fund has completed the sale of a 7,000 m2 office asset located in Milan, Italy to a fund managed by Italian asset manager Investire SGR.
The asset formed part of an 82,774 m2, mixed-use portfolio of five assets located predominantly in Milan and Rome.
The sale marks the final asset sale and brings the total sales volume of this portfolio to €73.5 mln.
Real Consultant was the operating partner for the mixed-use portfolio.
Yassine Berkane, executive director, Portfolio and Asset Management at Tristan Capital Partners, said: ‘This diversified portfolio provided us with high-quality, well-located assets around Rome and Milan which performed very well under our tenure and benefited from its proximity to major hub cities. Working alongside our operating partner Real Consultant, we regeared 30,000 m2 across the whole portfolio since acquisition. Our strategy from the outset was to reposition the portfolio and bring single assets to the market for sale. This strategy worked very well for us and demonstrates the continued investor demand for this type of product.’
Tristan Capital Partners were advised by Dils.
