Tristan Fund sells Milan office
Tristan Capital Partners’ Curzon Capital Partners IV Fund has completed the sale of a 7,000 -square-meter (75,347-square-foot) office asset located in Milan to a fund managed by Investire SGR.
The asset formed part of an 82,774-square-meter (89,972-square-foot), mixed-use portfolio of five assets located predominantly in Milan and Rome. The sale marks the final asset sale and brings the total sales volume of this portfolio to €73.5 million ($76.53 million).
“This diversified portfolio provided us with high-quality, well-located assets around Rome and Milan which performed very well under our tenure and benefited from its proximity to major hub cities,” said Yassine Berkane, executive director, portfolio and Asset Management at Tristan Capital Partners. “Working alongside our operating partner Real Consultant, we regeared circa 30,000 square meters across the whole portfolio since acquisition. Our strategy from the outset was to reposition the portfolio and br