Tristan’s European Property Investors Special Opportunities 4 (EPISO 4) Fund and joint venture partner Sectie5 Investments, have completed the sale of the circa 20,000 m2 Aura retail portfolio to a Dutch private investor.
No financial details were disclosed.
The assets have been owned by the joint venture since 2015, when they were acquired from Delta Lloyd as part of the Armando portfolio. Aura comprises of a mix of high-street and retail assets located in the greater Randstad area of the Netherlands.
Tristan’s pan-European real estate funds include core-plus and value-added/opportunistic strategies with total assets under management of over €9 bn.
Sectie5 Investments is a Dutch retail real estate specialist that structures high-yielding real estate funds for private and institutional investors.
Colliers International and Greenberg Traurig advised the joint venture on the sale.