Tristan Capital Partners has bought a French logistics portfolio, its first for funds.
The investment manager said Curzon Capital Partners IV, its core-plus investment style fund, had purchased six French logistics warehouses and a development site from Prologis for around β¬110m.
Jean-Philippe Blangy, managing director at Tristan Capital Partners, said: βThis is the first logistics portfolio acquisition in France for Tristan funds,
βWe are privileged to have secured long-term income from Grade-A occupiers in these institutional-quality, well-located assets.
βWe see good potential to generate attractive returns for our investors with these logistics warehouses, by working closely with existing tenants and possibly developing new space.
βWe will continue to look for new opportunities in both opportunistic and core-plus segment.β
The 207,500sqm portfolio of warehouses is fully occupied.
Four of the assets are near Lille, Paris and Marseille, while the remaining two are on the Paris-Bordeaux road transit route.
STAM Europe will act as the fundβs local operating partner and advise on asset management of the six warehouses.
