Tristan Capital sells historic Amsterdam office building on behalf of EPISO 4 fund

The EPISO 4 opportunity fund, advised by pan-European real estate investment manager Tristan Capital Partners, has sold the 2,300-square-meter (24,756-square-foot) Huize Labor office building in Amsterdam’s historic Westermarkt for around €16.1 million ($17.9 million) to U.S. private equity firm HighBrook.

Timeless Investments was the investment partner and asset manager for this deal.

“We saw the potential for the strong recovery in the Amsterdam office market a few years ago, following an upswing in demand from accelerating growth in the Dutch economy combined with a very limited supply pipeline,” said Gyongyver Giday, director at Tristan Capital Partners. “Over the past five years, we have invested in excess of €1 billion [$1.1 billion] in the Dutch real estate market, and the vast majority of that has been in Amsterdam’s office sector.

He added, “The sale of Huize Labor demonstrates the demand that exists for high-quality assets in strong loc