Tristan Capital Partners’ Curzon Capital Partners IV Fund has sold a 7,000 sqm office asset located in Milan, Italy to a fund managed by Investire SGR.
The office asset formed part of an 82,774 sqm, mixed-use portfolio of five assets located predominantly in Milan and Rome. The sale marks the final asset sale and brings the total sales volume of this portfolio to €73.5m.
Yassine Berkane, Executive Director, Portfolio and Asset Management at Tristan Capital Partners, said: “This diversified portfolio provided us with high-quality, well-located assets around Rome and Milan which performed very well under our tenure and benefited from its proximity to major hub cities.
“Working alongside our operating partner Real Consultant, we regeared c. 30,000 sq m across the whole portfolio since acquisition Our strategy from the outset was to reposition the portfolio and bring single assets to the market for sale. This strategy worked very well for us and demonstrates the continued investor demand for this type of product.”
Mattia Cavaleri, at Real Consultant, said: “We are pleased to have contributed our team’s expertise to this successful transaction and we are very proud of being part of this investment.”