Tristan Fund further expands its French logistics platform

EPISO 5, a fund managed by Tristan Capital Partners, has acquired a portfolio of three logistics assets (Essentials portfolio) from Ivanhoé Cambridge, a global real estate investor, for €43.6 million ($47.56 million).

The portfolio, which will form part of the fund’s dedicated French logistics and light industrial platform, comprises 72,000 square meters (775,002 square feet) of logistics and is fully let to seven tenants, including Bolloré Logistics, Intermarché and Lidl, among others.

Two of the assets are located in industrial zones in Eastern France close to Nancy area and one asset in Normandy at Grand Couronne in a district belonging to Rouen Harbour.

“This latest transaction was our third acquisition in logistics for the sole month of March 2022, and we are also due to close on a pre-let development in North of France this month,” said Thibault Ancely, a managing director at Tristan Capital Partners. “The Essentials portfolio expands the para