Crossbay to acquire the German warehouse assets of Tristan Capital Partners.

Crossbay, an urban logistics platform, agreed to acquire the German warehouse assets of Tristan Capital Partners, a private equity firm. Financial terms were not disclosed. “The disposal is in line with the strategy to sell stabilised assets from the Summit portfolio acquisition and represents the first in a number of sales. Together with our trusted and experienced team of Operating Partners we are progressing with our asset management initiatives and drive disposals once the assets are stabilised," Fabian Meinsen, Tristan Capital Partners Managing Director.