UK's Tristan Capital fund buys $112.2 mln Portuguese office portfolio

London-based real estate investment management firm Tristan Capital Partners revealed that its fund has acquired an office portfolio of seven buildings mainly located in the Central Business District of Lisbon, Portugal.

The portfolio, comprising a total of 38,421 square meters, includes a landmark office building at Rua Castilho, five office buildings in Zone 2 and a mixed-use building in the nearby suburb of Carnaxide.

Tristan Capital's fund, Curzon Capital Partners 5 LL, purchased the assets from Vision Escritorios, a regulated, closed-end fund managed by Norfin, for 100 million euros ($112.2 million).

Tristan Capital noted that the portfolio acquisition, the firm's first deal in Portugal, offers its investors immediate exposure to Lisbon’s Central Business District of Lisbon, Portugal.