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Tristan Takes on Six Czech Parks for $184M

PRAGUE-Owner VGP will retain a 20% stake in the logistic parks, located throughout the country, and will also maintain the assets.

By Robert Carr | Updated on November 09, 2011

PRAGUE-Curzon Capital Partners II, a fund managed by London-based Tristan Capital Partners, has purchased six industrial parks in the Czech Republic for $184 million, by entering an 80/20 partnership with the owner, developer VGP NV. The former owner will continue to be a co-owner and will maintain the asset management of the properties.

The six properties are 100% occupied and are located in Hradec Kralove, Liberec, Mlada Boleslav, Pilsen, Olomouc and Usti. The deal also includes the potential to develop an additional 5.5 million square feet within the portfolio.

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