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New Deal


Announced

Tristan Capital Partners to acquire the Summit real estate platform in Germany for €1bn.

Financials

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Transaction Value£858m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate

Private Equity

Single Bidder

Germany

industrial real estate

Pending

office space

Private

Acquisition

Cross Border

Majority

Commercial REITs

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Synopsis

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Tristan Capital Partners, an independent London-headquartered real estate investment management boutique, agreed to acquire the Summit real estate platform in Germany for €1bn. The large, diversified portfolio is comprised of a total of 630,812 sqm, of which around 60% is knowledge office space, 30% is warehouse/industrial space and the remainder is made up of necessity-led retail parks and mixed-use assets.

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