The transaction includes logistics warehouses and associated development land in the Czech Republic which were bought by two funds advised by UK-based Tristan Capital partners and VGP.
It is the fourth largest logistics portfolio transaction in Europe since the beginning of 2012, according to research from Real Capital Analytics.
Real estate investor P3 will take on 11 logistics parks as part of the deal, including 58 warehouses plus land offering the potential to develop 125,000m squared of additional space.
Tristan bought part of the portfolio in 2011, paying around €135m for six parks of the Czech logistics portfolio of real estate developer and manager VGP NV.
The six assets purchased by Tristan’s Curzon Capital Partners III fund were fully occupied with the potential to develop an additional 50,000 square metres within the portfolio.
Earlier this month Tristan was said to be considering the launch of its fourth European Property Investors Special Opportunities with a target of €1bn.
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