Tristan Capital Buys Big in Germany

BERLIN—Tristan Capital Partners has acquired a neighborhood shopping center in Berlin and a mixed-use building in central Munich among five German investments totaling more than $510 million (€450M). The five properties will be acquired in Q1 for funds managed by the European firm.

“Germany’s economic resilience has been a key theme in Europe for Tristan funds as has been the focus on neighborhood shopping centres that have a dominant position in local city catchment areas,” said Ali Otmar, managing director of investments at Tristan. “Tristan funds have started 2015 with a bang with these two acquisitions and the three others that are pending, demonstrating that even in an in-demand market like Germany there is ample opportunity to unearth assets with structural flaws that can be repositioned through active management.”