Tristan Capital Partners’ core-plus fund, Curzon Capital Partners 5 LL (CCP 5 LL) has acquired 14 logistics sites located across three schemes in Avonmouth, Worcester and Poole from Richardson Capital LLP (the Richardsons) for the total purchase price of £108 million (€97 million/$131 million).
The 14 newly acquired assets include eight existing buildings, five of which are located at Avonmouth, two in Worcester and one in Poole. Six further sites are set to be developed at Avonmouth and have been purchased on a forward-commitment basis. All of the buildings meet a high standard of specification in response to modern occupier requirements.
This transaction follows the off-market acquisition of 11 new-build logistic assets across the United Kingdom earlier this year, also from the Richardsons.
Nicho Jenkins, managing director at Tristan Capital Partners, says: “This transaction provides us with exposure to a portfolio of modern logistics assets across key
