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 €13 million. 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 35,800 square metres, 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."
Source: Europe-re.com on the 17th of January 2023
https://europe-re.com/tristan-secures-13m-for-logistics-deal-nl/71311