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.