Tristan has acquired the Frankfurt “Werfthaus”
The Werfthaus, a waterfront building in Frankfurt’s Westhafen area, has been acquired by Tristan Capital Partners for its “Episo 4 opportunity” fund. The previous owners were a joint venture of Dream Global and the Korean pension fund Poba. The sale of the eleven-story office building, with around 14,100 sqm of lettable space, had been announced at the beginning of November. The partners purportedly each held 50% of the shares. Dream Global received €37.2mn for its share, 14% above book value. BNP Paribas real estate brokered the closing.
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