Tristan, White Star acquire logistics portfolio for €86 mln

The Tristan Capital Partners-advised EPISO 4 opportunity fund and White Star Real Estate have acquired a portfolio of five warehouse assets located across Poland from an affiliate of Oz Real Estate. The value of the transaction amounts to approximately €86 million. The transacted assets comprise a total of more than 161,000 sqm of leasable space and are currently over 90% leased out. “Despite substantial development of new logistics warehouses in Poland in recent years, demand continues to outstrip supply resulting in a sharp fall in vacancy rates and a slow increase in net effective rents. We expect these robust market fundamentals to continue on the back of buoyant Polish economic growth, and we are focused on expanding our Polish logistics footprint,” commented Kristian Smyth, director at Tristan Capital Partners.

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