Greenberg Traurig Germany advises Tristan on the sale of a logistics portfolio in Germany and Austria

Berlin, February 19, 2018 – Greenberg Traurig Germany advised CCP IV Core Plus-Style Fund (CCP IV) and European Property Investors Special Opportunities III (EPISO 3) on the sale of a logistics portfolio in Germany and Austria. The two funds are managed by the real estate company Tristan Capital Partners. The buyer is Frasers Property Investment Europe, a subsidiary of Frasers Property listed on the Singapore Stock Exchange. The purchase price amounts to approximately EUR 178 million.

The overall portfolio covers an area of approximately 200,000 square meters. CCP IV sold three logistics warehouses in Austria (at Vienna Airport and Graz) and one near Munich in Germany.

EPISO 3 sold two additional logistics assets in Germany. These include a logistics site in Bielefeld, Germany, with a biogas facility and a 50,000 square meter facility leased to a grocery chain, as well as a site at Hamburg’s Container Terminal. The asset in Hamburg comprises an existing building and three additional warehouses, which are currently under construction.

Greenberg Traurig Germany advised Tristan Capital Partners comprehensively on all legal aspects of the four parallel transactions.


Background:
Greenberg Traurig Germany’s team has been assisting Tristan Capital Partners in transactions for several years. Most recently, the lawyers provided advice on the sale of the Neukölln Arcaden in Berlin.