Tristan and Arkea sell French logistics assets for €85m
Tristan Capital Partners’ value-add/opportunistic fund, EPISO 5, and Arkea Real Estate have completed the sale of 31 logistics assets located across France to four separate buyers for €85 million ($100 million).
The assets formed part of a portfolio of more than 80 assets originally acquired by EPISO 5 and Arkea Real Estate in second quarter 2020 and fourth quarter 2020. They have been sold to four separate buyers, including family offices, owner occupiers and institutional investors.
EPISO 5 has retained 50 logistics sites in strategic locations as part of a dedicated French logistics and light industrial portfolio. With a current net value of around €300 million ($355 million), the portfolio is around two-thirds of the final target size.
Yassine Berkane, executive director of asset management at Tristan, said, “The French industrial sector has been a resilient performer throughout the pandemic, highlighting growing investor appetite for well-locate