, together with STAM Europe, has acquired an office portfolio in Paris for β¬92m on behalf of its CCP 5 Long-Life core-plus fund.
The three renovated buildings encompass 18,233sqm of space and are in the Rueil-Malmaison sub-market of northwest Paris, close to La DeΜfense.
The assets were sold by Catalyst Capital and STAM Europe will manage them.
Cecile Champy, executive director at Capital Partners, said: βRueil is the second largest office sub-market of the Peri-DeΜfense business district and is a good alternative for companies that want easy access to Europeβs single biggest business cluster.
βThe three offices acquired have been extensively refurbished over the past five years and offer a good quality modern environment.β
The transaction brings Tristanβs assets under management in France to β¬400m, which Champy said was βa position we want to continue building onβ.
Real Estate has also announced the acquisition of ADN, a prime office in the central business district of Paris, for β¬34m.
The building, which is vacant with planning permission for 1,800sqm of space, was bought for the M&G European Property Fund.
The off-market acquisition is M&Gβs second in Paris this year following the purchase of Greenwalk in Suresnes for β¬126.5m and increases the fundβs allocation to the office sector in continental Europe.
David Jackson, fund manager at M&G Real Estate, said: βWith our second acquisition in Paris this year, we are establishing a firm foothold in a market which is benefiting from a positive economic outlook, strong employment growth and high demand from occupiers.β
