A fund managed by London-based real estate investment management company Tristan Capital Partners has purchased six industrial parks in the Czech Republic for $184 million, GlobeSt reports. The Curzon Capital Partners II fund entered into an 80-20 partnership with the owner, developer VGP, for the acquisition.
VGP will remain a co-owner and will maintain the asset management of the properties, which are 100 percent-occupied and are located in Hradec Kralove, Liberec, Mlada Boleslav, Pilsen, Olomouc and Usti. In March 2011, a fund co-advised by Tristan and AEW Europe, formed a 80-20 joint venture with VGP for the first part of the logistics portfolio centered on Prague.
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