Tristan buys Dutch office for €54m, marking debut investment with EPISO 5 fund

Tristan Capital Partners’ latest opportunity fund, EPISO 5, has made its first investment together with Timeless Investments, with the acquisition of a multi-tenant office complex in Amsterdam for about €54 million ($62 million).

The complex offers multiple development options on site. Tristan and Timeless acquired the complex from Dutch investment manager APF and Lingotto. Tristan’s operating partner Timeless Investments has a significant stake in the deal.

The Kauwgomballenfabriek (KBF) consists of five buildings totaling 18,000 square meters (194,000 square feet) located in the Omval area of the city, on the eastern side of the Amstel River. The area has now been designated as a mixed office/residential development.

Ali Otmar, senior partner and deputy head of investments, said, “Amsterdam’s strong office and residential markets also make the KBF acquisition a very attractive prospect for potential further development. This is the fourth acquisit