Tristan Capital Partners’ Acquisition Of A 12 Hectare Commercial Property In Saarland

Clifford Chance has advised Tristan Capital Partners opportunity fund EPISO 5 on the deal.

Tristan Capital Partners acquired a commercial property in Saarland, Germany, in the context of a joint venture. The transaction took the form of an asset deal.

This is the first investment of the newly formed joint venture between the opportunity fund EPISO 5, which is advised by real estate investment managers Tristan Capital Partners, and SNEL Beratungsgesellschaft mbH, a Saarbrücken-based consultancy firm specialising in commercial and industrial real estate development. Together, the partners are pursuing a logistics strategy with value-add real estate in Germany and Austria. The area now acquired is part of the so called Kléberareal, an industrial and commercial area in St. Ingbert, Saarland. The site will be developed into multiple warehouses totaling 55,000 sqm of lettable space by the new owners. The seller is the Saar IV Fund of MCAP Global Finance, the European branch of Marathon Asset Management with headquarters in New York.

The Clifford Chance team comprised partner Gerold Jaeger (Picture – Düsseldorf), counsel Philipp Stoecker, senior associate Stephanie Cohen and legal support assistant Sabrina Becker (all Frankfurt) (all Real Estate).

Involved fees earner: Stephanie Cohen – Clifford Chance; Gerold Jaeger – Clifford Chance; Philipp Stoecker – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Tristan Capital Partners;