Tristan Capital Partners has acquired two UK port development sites for its latest value add/opportunistic fund. The European real estate investment manager’s European Property Investors Special Opportunities (EPISO) 5 fund invested an unspecified amount to acquire two port development sites in Colchester and Birkenhead with Tungsten Properties to deliver two logistics schemes. Tungsten will act as EPISO 5’s operating partner and development manager.
The scheme in Colchester – EPISO 5’s first logistics asset in the Southeast – will comprise 11 mid-box units, while the 22-acre Ark Royal site in Birkenhead offers a single, big box unit and will also provide 11 acres of open storage accommodation. Combined, the projects are expected to provide a total of around 855,000 square feet of logistics space.
Source: realassets.ipe.com 21st of august 2023