Tristan’s new acquisitions in Germany worth over €300mn
Tristan Capital Partners has acquired five properties in Germany with a volume of over €300mn. The private equity investment firm paid €64mn for the Speyerer Strasse 4-6 office property in Heidelberg’s Bahnstadt quarter, €53.5mn for the Hery Park retail park in Gersthofen near Augsburg, €70mn for the hotel and office complex Eurocenter I and II in Düsseldorf, and €81mn for the Accent Office Center in Frankfurt, the sale of which was announced on Tuesday. The fifth deal was the acquisition of a portfolio comprising eight office properties with 63,642 sqm distributed throughout Düsseldorf, Essen, Mülheim an der Ruhr and Neuss. Tristan thus carried out transactions with a volume of just under €1.2bn in Germany in the last twelve months, including €550 mn for acquisitions. “Germany continues to be strategically important for us,” Ali Otmar, Senior Partner and Deputy Head of Investments, said at the MIPIM real estate trade show in Cannes. He believes that a similar purchasing volume can be attained in Germany this year. “We are cautiously optimistic about the outlook for Germany but we are cognisant of the economic headwinds.”
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