Tristan fund buys port development sites

A fund managed by Tristan Capital Partners has bought two port development sites in Colchester and Birkenhead. EPISO 5 will now work with Tungsten Properties to deliver two logistics schemes totalling around 855,000 sq ft. The scheme in Colchester (pictured) will comprise 11 mid-box units ranging in size from 11,000 sq ft to 70,500 sq ft, while the 22-acre Ark Royal site in Birkenhead offers a single big-box unit of 495,000 sq ft and 11 acres of open storage accommodation. Nicho Jenkins, managing director at Tristan Capital Partners, said: “The land price, coupled with the underlying occupational dynamics and the opportunity to work with a best-in-class development partner, makes developing these schemes an attractive proposition for the fund. “We continue to see strong occupier demand for the highest-quality logistics assets, with exceptional ESG credentials, across our portfolio. It follows that these projects reflect a continuation of our strategy to create value for our investors by developing such assets.” TT&G, Atlas Real Estate and CMS advised the fund, while Forsters advised Tungsten. To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews Discover which agents have been most active in the regional industrial markets so far this year >> Photo © Tristan Capital Partners