Tristan buys in Poland with €71m pbb backing

The new facility will be used to acquire Enterprise Park and adjacent development land in Kraków.

Tristan Capital and Avestus Capital Partners have jointly purchased an office park in Poland with a €71m five-year loan from pbb Deutsche Pfandbriefbank.

The new facility has been used to acquire Enterprise Park and adjacent development land in Kraków.

Tristan is using its EPISO 3 fund to make the purchase and is the majority investor in the joint venture with the Dublin-headquartered Avestus. Avestus developed the park between 2012 and 2014.

It is the fourth significant purchase by Tristan’s EPISO 3 fund this month. It has bought a mixed-use estate in Cologne for €110m in a joint venture with Freo Group, acquired a €122m portfolio of four Italian shopping centres and purchased a €73m mixed-use building in Oslo this May.

The fund also bought a Karstadt department store in Munich with a €130m loan from HSH Nordbank in April.

 

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