EPISO 5, the real estate fund advised by Tristan Capital Partners, and Catella Asset Management has acquired a portfolio of 27 logistics sites, including four on-going developments across France for circa €85m. The acquisition was carried out in two sale-and-leaseback transactions with leading French transport company Group Jacky Perrenot and a top ten global provider of transportation and logistics services. This latest transaction follows the initial sale-and-leaseback of a portfolio of 50 logistics sites across France by EPISO 5 and Catella Asset Management from Group Jacky Perrenot in July 2020, taking the total value of transactions this year to c. €265m.
Thibault Ancely, Managing Director at Tristan Capital Partners, said: “These transactions strengthen our relationship with our partner Jacky Perrenot while adding diversification to our tenant base with a leading 3PL provider. We plan to welcome more logistics and transportation partners in 2021 as we continue to grow the platform.”
The overall portfolio is comprised of 105,000m² of assets, expanding the dedicated French logistics and light industrial portfolio within EPISO 5. Tristan Capital Partners continues to actively pursue further acquisitions on behalf of EPISO 5 across France, targeting the creation of a €500m platform.
François Brisset, CEO at Catella Asset Management, said: “Less than a year post-inception, we are more than halfway towards our target €500m size for our joint platform and we look forward to closing similar transactions as soon as Q1 next year.”
