A Tristan Capital Partners fund, in a joint venture with White Star Real Estate, has sold five urban logistic assets in Poland to Exeter.
Tristan, which agreed the deal on behalf of its EPISO 4 fund, said the venture has sold the 160,000sqm logistic platform, which consists of assets located in Warsaw, Poznan, Wroclaw, Gdansk and Czeladz. Financial details were undisclosed
Tristan and White Star Real Estate bought the assets in December 2018 for around €86m.
James Brodie, managing director, portfolio and asset management at Tristan, said: “The Polish industrial sector has seen strong growth in recent years. We have seen tremendous resilience in the industrial market throughout the last couple of years, with little sign of deal flow slowing.