Tristan’s ‘Income Plus’ Real Estate Debt Fund makes debut investment in London

Tristan Capital Partners, a London-based real estate investment boutique, has provided £22.5 million (€26.18 million/$31 million) of senior real estate debt financing to Shorea Capital, a privately-held investment vehicle based in Singapore, alongside its operating partner, Highbridge Estates, through its newly-established debt investment strategy.

The deal supports Shorea Capital’s acquisition of 186–188 City Road, which is a prominent multi-let office building comprising 39,000 square feet, close to London’s Old Street “Silicon” roundabout. The financing includes a capex facility to support the new owner’s plans for an ESG-driven refurbishment of the asset.

Tristan’s debt investment strategy, which launched in May of this year, focuses on the “income plus” space between senior and high-yield debt and offers investors access to a low-risk, diversified private real estate debt portfolio across all major markets and asset classes.