Tristan Fund acquires first assets for Dutch logistics platform

CCP 5, the core-plus long-life fund advised by Tristan Capital Partners, and local operating partner ARC Real Estate Partners have acquired two warehouses in a first step toward assembling a logistics platform consisting of medium-sized warehouses at locations across the Netherlands.

The two logistics assets, located in Oss and Uden, were acquired for about €25 million ($27.6 million). The Oss property has three tenants and was acquired from Equity Estate. The Uden property was acquired in a sale-leaseback transaction with the vendor, Beter Bed.

During the next 12 months, Tristan aims to grow the Dutch logistics platform to at least €150 million ($162 million). The platform will target existing assets, sale-leaseback transactions and forward purchases. Target lot sizes will comprise assets greater than 10,000 square meters (108,000 square feet), with all assets possessing institutional appeal from an occupational and capital markets perspective.

Kick Van der