London-based real estate investment management firm Tristan Capital Partners' opportunistic fund, EPISO 5, has bought a trio of German commercial properties for a total of 250 million ($275 million).
EPISO 5 acquired a portfolio of five good quality office buildings, located in prime German cities including Munich, Frankfurt, Dusseldorf and Hildesheim for $68 million.
Additionally, the firm also bought an under-rented and well-located office building and land plot with an expected 10,880 square meters (m²) buildable area in the North Munich micro-location of Milbertshofen for $100 million.
Lastly, EPISO 5 also purchased a development site with the potential for 30,000m² of office and commercial space in Berlin’s up-and-coming Neukolln district, including two office towers and a flexible light production space for $107 million.