Tristan Capital Partners fund has acquired UK Logistics Assets for GBP68 million, media reports said. The EPISO 5 fund has acquired 11 new logistics buildings from Richardson family, St Francis Group and Curtis Hall, media reports said.
The acquisition comprises a portfolio of 668,000 sq ft across three logistics sites in Redditch, Kettering and Avonmouth. Nicho Jenkins, Managing Director at Tristan Capital Partners, told the media, “The coronavirus crisis has accelerated ecommerce trends in the UK, resulting in a surge in occupational demand for strategically located warehouses. The UK is suffering from a limited supply of new logistics buildings and the modern, flexible space offered by these recently developed assets has already attracted strong interest from a variety of potential occupiers. Our plan is to lease up the vacant space and pursue similar opportunities to potentially build out a UK logistics portfolio.”
It is reported that the EPISO 5 fund will partner with Kauri CAB to acquire a portfolio of 23 assets located in central locations in Berlin, Leipzig and Bad Homburg. This portfolio will include 21 residential and commercial assets. Of those assets, 16 buildings are located in prime locations in districts of Berlin Mitte, Friedrichshain and Prenzlauer Berg, media reports said.