A joint venture, newly founded by DW Real Estate GmbH, Rockspire GmbH and Sonar Real Estate GmbH, has been mandated by Tristan Capital Partners to manage the Summit portfolio. The companies involved had already worked together with the EPISO 5 fund, which was advised by Tristan, during the due diligence and the purchase of a total of 69 commercial properties and were involved as co-investors.
The diversified portfolio, which is spread throughout Germany, comprises a total lettable area of around 631,000 square meters (6.8 million square feet). Around 60 percent of this is office space, with 30 percent of warehouse and industrial usage. The remaining 10 percent is made up of retail centers and mixed-use properties.
The properties are located in attractive locations in and around Germany’s top seven cities, as well as in ‘B’ locations or submarkets featuring low vacancy rates and stable demand from highly liquid German and international investors.
The proper
