The assets (not pictured) are located in Lodz, Poznan and Pruszkow.
Ric Lewis, CEO of Tristan Capital Partners commented: "For the first time in the last few years, the market is ascribing what seems to us as a more appropriate risk premium to this growing and substantial, but immature, real estate investment market, as compared with similar strategies in Western Europe. This makes the Polish marketplace more interesting to us than it has been in the recent past."
Peter Mather, Director in Investments at AEW Europe added: “These are assets of institutional quality in good core locations. The portfolio is 100% let which illustrates the strength of the asset we have selected for the EPISO fund. Linking up with Panattoni on the asset / property management and leveraging off their reach and reputation in the Polish logistics market was also a key driver for us on the transaction.”
JLL Poland provided market advice to the EPISO fund. Salans advised the EPISO fund on legal issues and Clifford Chance advised Panattoni Europe and Standard Life Investments.
Source: Bellier Financial