07 December 2017
Bonn
Reporter: Stephanie Palmer

Tristan fund makes first foray into Germany


The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million.

The transaction was completed in an off-market deal.

Sold by a fund managed by Art Invest Real Estate, the 18,658-square metre building is fully occupied by Deutsche Telekom.

Ali Otmar, senior partner and deputy head of investments at Tristan Capital, said: “The fund was able to acquire the office complex on attractive terms without having to go through the structured auction processes that typically drive sales of this kind of an asset in Germany, due to Tristan’s extensive network of local contacts on the ground.”

According to Tristan Capital Partners, the firm’s joint venture operating partner Silver Cloud also played a role in the transaction, and is also set to make a co-investment.

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