Tristan Capital Partners’ TIPS One “Income Plus" Real Estate Debt Fund has provided senior debt financing to funds advised by AnaCap Financial Partners, to support the €59.25 mln acquisition of South Station, a freehold office asset in Paris.
South Station is located in Massy - the largest economic centre in the Southern Paris area – and is adjacent to the town’s main transport stations.
Tristan said the asset was one of the most attractive buildings in the submarket offering modern A-grade office space with excellent amenities.
The sale and partial leaseback acquisition will see the vendor, CGG, a geophysics specialist, remain as the majority tenant.
Pramena Investment will act as the asset manager for the property.
Ashil Sodha, director, debt investment at Tristan Capital Partners, said TIPS One continued to diversify.
‘We are pleased to have closed our first loan in France. We are focused on lending on high-quality assets with the right ESG characteristics and we believe this loan exemplifies this strategy well.’
TIPS One was advised by Taylor Wessing. Gowling WLG and SBKG & Associés advised AnaCap and Pramena.
