EPISO 5, the real estate fund advised by pan-European investment manager Tristan Capital Partners, and Catella Asset Management have acquired a portfolio of 50 logistics sites across France for c.€180m, in a major sale-and-leaseback transaction with leading French transport company Jacky Perrenot.
The portfolio has an average weighted average lease to first break of over 9 years and is comprised of 280,000 sqm of assets, of which 80% are located along the Lille-Paris-Lyon-Marseille corridor. The assets will form the basis of a dedicated French logistics and light industrial portfolio within EPISO 5 for which Tristan Capital Partners is actively pursuing future acquisitions and targeting a €500m size.
The deal is a joint acquisition alongside local operating partner Catella Asset Management, who have longstanding experience in portfolio and sale-and-leaseback transactions.
Source : Tristan Capital Partners