Curzon Capital Partners IV Long-Life L.P, a real estate fund advised by pan-European investment manager Tristan Capital Partners, has completed the sale of an office facility in Rome, Italy, to the French institutional investor Corum AM.
The transaction marks the Fund’s second sale from a portfolio acquired from Axa in Q4 2016, and follows the disposal of an office facility in Brescia, Italy in Q1 2018.
Yassine Berkane, Director at Tristan Capital Partners, said: “Since the asset was first acquired we have helped to significantly grow its commercial performance. The facility is now fully let to Colt Technologies, a multinational telecoms company, and performing very well. While the impact of the COVID-19 pandemic has created an extremely challenging and uncertain environment, we think it’s positive that we are still finding partners who are ready to engage in deals like this.”
CCP IV was advised by GOP, Pirola Pennuto Zei & Associates, REAAS and Real Consultant.
Tristan Capital Partners is an employee-controlled investment management boutique specialising in real estate investment strategies across the UK and Continental Europe. Tristan’s pan-European real estate funds include core-plus and value-added/opportunistic strategies with total assets under management of over €10.5 billion. Tristan is the portfolio manager for core plus funds Curzon Capital Partners III, Curzon Capital Partners IV, Curzon Capital Partners 5 Long-Life LP and for the private equity funds European Property Investors, LP, European Property Investors Special Opportunities, LP, European Property Investors Special Opportunities 3, LP and European Property Investors Special Opportunities 4 LP and European Property Investors Special Opportunities 5 SCSp. Tristan is headquartered in London and has offices in Luxembourg, Milan, Paris, Stockholm, Frankfurt, Madrid and Warsaw.
Source : Company