Tristan’s Curzon Capital Partners IV Fund (CCP IV) has sold seven French logistics assets to Gramercy Europe for €175m. Located across France, the combined portfolio spans seven buildings totalling circa 282,700m² with potential for 59,000m² of additional development. The portfolio is asset managed by STAM Europe and ALSEI.
Jean-Philippe Blangy, Managing Director, Head of Asset Management at Tristan Capital Partners, said: “We acquired these good quality, well-tenanted assets from Prologis and ID Logistics during an improving logistics market, which has continued to go from strength-to-strength. The Fund received unsolicited offers for the assets, which has resulted in a successful disposal to Gramercy Europe. We continue to stay committed to logistics across Europe with the same aggregation strategy for our core plus and opportunistic funds.”