CAERUS Debt Investments AG has facilitated a property acquisition by EPISO 6, a fund managed by Tristan Capital Partners (Tristan Capital), by providing a senior loan of €13m. With the funding, Tristan Capital is acquiring an established and diversified business park in Heerlen, Netherlands, for its EPISO 6 fund. The property mainly comprises light industrial buildings, complemented by office uses. It has a total lettable area of 35,800m², occupied by over 110 tenants. Among other things, the loan will be used to optimise the energy efficiency of the buildings.
Michael Morgenroth, CEO of CAERUS, commented: "In Tristan Capital Partners, we are expanding the group of our borrowers to include another extremely professional and high-quality market player. Only twelve months ago, this type of financing would more likely have been arranged through a bank. In 2023, we generally expect the trend towards real estate debt funds to strengthen during the year, as banks continue to exercise restraint in issuing financing."