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Sign in Sign up for a FREE subscriptionTristan fund acquires German resi portfolio in Leipzig for €240m
EPISO 6, a fund managed by Tristan Capital Partners, and joint venture partner Lübke Kelber have acquired, via a share deal, a residential portfolio across several attractive locations in Leipzig from Brack Capital Properties. The portfolio is valued at €240 million ($257 million)
Lübke Kelber will act as asset manager and co-investor, overseeing the local property and facilities management companies currently contracted to the properties.
“This transaction provides a strong footing in the German residential market as we look to build a larger, more diversified portfolio,” said Constantin Plenge, managing director of Tristan. “Leipzig is the ideal location for our first acquisition. It is the fastest-growing major city in Germany, with corresponding rental and value growth potential. This portfolio is well located and fully occupied, delivering a resilient cash flow. Germany remains a core market for us, and we’re continuing to assess thematic strategies wh