Pan-European real estate investment manager, Tristan Capital Partners, has announced at MIPIM that its Funds completed €5 billion of transactions in 2021 – a 92 percent increase compared to 2019. The figures include c.€500 million of real estate debt, originated through Tristan’s “TIPS One” Fund which was launched in 2021, extending the firm’s Funds series to cover core-plus, value-add / opportunistic and debt.
Commenting from Cannes, Cameron Spry, Co-Chief Investment Officer at Tristan Capital Partners, said: “This is a significant achievement in light of the environment in which we’ve been operating. In 2021 we focused on investment activity in the largest most liquid markets and further diversified the product across our fund series. Despite COVID and the challenges faced by the market, we have continued to receive the support and confidence of new and existing clients across our funds which enabled us to successfully deploy capital, drive returns and extend our network across Europe.”
Deal highlights from 2021:
The acquisition of the Project Mont portfolio – the largest transactions in Tristan’s history –comprising of 69 properties and a publicly listed entity, for €1 billion;
Launched Tristan’s ‘Income Plus’ Real Estate Debt Fund (TIPS One) and originated c.€500 million of lending in five loans across Europe;
EPISO 5 Fund completed the first acquisition of the hotel investment strategy with a 261-key, four-star hotel located in Deansgate, Manchester, UK;
Acquired 1,500 student housing beds in the UK in a joint venture partnership with Bricks Group, and
Strengthened our exposure in key European markets including the Nordics, and France significantly growing our AUM.
Ali Otmar, Head of Investments at Tristan Capital Partners, added: “We understand the value of creating and nurturing strong relationships, last year, almost half of the investment opportunities we reviewed were off-market, which is a strong indicator of the quality and depth of our relationships, and the tremendous competitive advantage Tristan has in sourcing deal flow.
“Looking ahead, we will continue to invest in sectors that prove their resiliency and demonstrate strong growth potential to create value for our investors. We are confident in our investment strategy and will continue to diversify the portfolios within our fund series to include identifying transactions within alternative sectors, such as senior living and life sciences, which provide unique opportunities for both our core-plus and opportunistic Funds.”
Over the last five years, Tristan Capital Partners has grown to more than 155 people across eight offices with an AUM of €14 billion.
