CAERUS finances acquisition of a light industrial property by Tristan Capital Partners
CAERUS Debt Investments AG (CAERUS) has supported a property acquisition by EPSIO 6, a fund managed by Tristan Capital Partners (Tristan Capital), with financing totalling EUR 13 million.
Tristan Capital is using the funds to realise the acquisition of an established and diversified business park in Heerlen, the Netherlands, for its "EPISO 6" fund. The property is mainly characterised by light industrial properties, supplemented by office use. It comprises a rental area of 35,800 square metres with more than 110 tenants. The loan will be used, among other things, to optimise the energy efficiency of the buildings.
Michael Morgenroth, CEO of CAERUS, comments: "With Tristan Capital Partners, we are adding another highly professional and high-quality market participant to our circle of borrowers. This type of financing would have been more likely to be done with a bank just twelve months ago. For 2023, we generally expect the trend towards real estate debt funds to intensify over the course of the year, as banks will continue to hold back on issuing financing."
