Tristan Capital Partners’ opportunity fund sells Norway assets for €160m

European Property Investors Special Opportunities 3 (EPISO 3), a opportunity fund advised by pan-European real estate investment adviser Tristan Capital Partners, has sold four retail parks and two land plots in Norway to Oslo-based Ragde Eiendom AS for €160 million ($179 million).

The assets comprise Stoa Vest retail park in Arendal, which was acquired in 2016, and three assets that formed part of a larger retail park portfolio that Tristan acquired in 2015, including Breiviksenteret in Ålesund, Tune Handelspark in Sarpsborg and Grenland Handelspark in Grenland. Four assets from the original portfolio have already been sold off individually to local buyers.

“Over the past few years, we have made significant improvements to the rent roll by extending key tenant leases and securing new high-quality names,” said Jean-Philippe Blangy, head of asset management at Tristan Capital Partners. “In total, we have renewed or secured new leases for more than NOK 41 millio