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Tristan fund acquires six offices in Germany
Transactions - SEPTEMBER 23, 2020

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Tristan fund acquires six offices in Germany

by Released

Curzon Capital Partners, a core-plus fund advised by pan-European investment manager Tristan Capital Partners, has acquired all units in a German fund related to a portfolio of seven office buildings in Germany from German institutional investors advised by AEW.

The portfolio covers 83,064 square meters (894,000 square feet) across six prime office locations in Germany and includes two separate facilities in Cologne and individual sites in Berlin, Frankfurt, Munich, Hamburg and Dusseldorf. The portfolio benefits from a diversified mix of strong covenant tenants, including government entities and well-known DAX listed companies and has very low vacancy rates across all sites.

AEW increased occupancy across the properties by 15 percent to 98 percent and increased rental income by 22 percent, with current net rental income now at around €16 million ($19 million) per annum. New long-term leases were signed with all of the major tenants, aligning the letting structure of

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