Tristan advises on €110 mln Cologne Estate Deal (DE)

European Property Investors Special Opportunities 3 L.P., an opportunity fund advised by Tristan Capital Partners, has acquired the Barthonia Forum, a mixed use estate in Cologne’s Ehrenfeld district for about €110 mln in a joint venture with FREO Group.
The asset comprises of 12 individual buildings including a shopping center anchored by Kaufland, as well as the former factory of the famous ‘4711’ cologne and an additional 200 apartments.
The estate has a net lettable area of around 70,000 m² spread over 12 buildings, which range from period apartment blocks with ground floor retail units, to an office tower and the former ‘4711’ production site that has been partially converted into offices.
Cologne is Germany’s fourth largest city and Barthonia Forum is located in the heart of its trendy Ehrenfeld district, a very strong micro-location due to its positive demographics as well as its appealing housing and retail units. The estate has easy access to central Cologne, with the city’s landmark cathedral walking distance away, through the network of trams and close proximity of the overland train and subway stations of Cologne Ehrenfeld and Westbahnhof.
Source: Tristan Capital