The EPISO 5 opportunistic fund, advised by Tristan Capital Partners, has signed definite agreements to acquire 100 percent of the non-listed portfolio controlled by Summit Real Estate Holdings Ltd, and 77 percent of the listed GxP German Properties AG platform, in a proprietary/bilateral transaction.
The total commercial platform comprises 69 assets, located across key markets in Germany.
The large, diversified portfolio comprises a total of 630,812 square meters (6.79 million square feet), of which around 60 percent is knowledge office space, 30 percent is warehouse/industrial space and the remainder is made up of necessity-led retail parks and mixed-use assets. The assets are strategically located in and around Germany’s “top seven” cities and strong B locations, in submarkets characterized by low vacancy, robust occupier demand and deep domestic and international liquidity.
The assets have a diversified and resilient occupational profile, with more than
