Investors - FEBRUARY 4, 2015

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Tristan to buy German assets for €450m

by Andrea Waitrovich

Funds advised by pan‐European real estate investment manager Tristan Capital Partners have agreed to make five investments in Germany that will complete in the first quarter of 2015 for a total in excess of €450 million ($513.99 million).

The transaction includes a neighborhood shopping center in Berlin and a mixed‐use building in the center of Munich.

“Germany’s economic resilience has been a key theme in Europe for Tristan funds as has been the focus on neighborhood shopping centers that have a dominant position in local city catchment areas,” said Ali Otmar, managing director of investments at Tristan Capital, in a statement.

Curzon Capital Partners III, a core-plus fund, has acquired the 407,952-square-foot Neukölln Arcaden shopping center located on the main thoroughfare of the fashionable Berlin district of Neukölln for €65.6 million ($74.9 million) from AXA Immosolutions, a German open‐end

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