EPISO 5, a fund managed by Tristan Capital Partners, has sold a portfolio of warehouse assets located in Germany to Crossbay, the urban logistics platform for pan-European real estate investment manager MARK.
The portfolio consists of three assets delivering 42,000 square meters (452,084 square feet) of high-quality logistics floorspace. The transaction is the first disposition from the €1 billion ($1.1 billion) Summit Group portfolio of 69 assets, purchased in June 2021. The disposition was led by Sonar Real Estate.
All three assets are fully leased. The largest warehouse provides around 25,000 square meters (269,098 square feet) of logistics space located within a logistics hotspot on the outskirts of Berlin. The remaining assets are in prime positions around Leipzig and Dresden.
“This latest portfolio acquisition fits perfectly in line with our strategy to create a market-leading urban logistics portfolio in Europe. Germany remains a key target market for
