The EPISO 4 opportunity fund advised by Tristan Capital Partners, and Sectie5 Investments, have sold two local convenience shopping centers in the greater Amsterdam area to Dutch institutional investment manager Altera Vastgoed. A sales price was not disclosed.
The sale takes the total value of asset disposals by Tristan funds in the Netherlands in 2019 to €120 million ($133 million).
The assets, located in Amstelveen and Uithoorn, two suburban residential areas of Amsterdam, are both grocery-anchored shopping centers, including restaurants and other convenience retailers. Both assets are fully occupied, housing anchor tenants such as Albert Heijn, Vomart and Jumbo. The centers are located in strong catchment areas with very limited competition.
Gyongyver Giday, director at Tristan Capital Partners, said, “During our hold period together with our operating partner Sectie5, we have refurbished and extended both assets and leased-up the vacant space. The cent
