HAMBURG/KIEL HSH will provide a senior financing facility totalling € 91 million to a joint venture between European Property Investors Special Opportunities 3 L.P. (EPISO 3), a pan European private equity real estate fund advised by Tristan Capital Partners and FREO Group for the acquisition of Barthonia Forum in Cologne’s Ehrenfeld district.
The urban quarter on the site where eau de cologne ‘4711’ was once produced comprises 12 individual buildings with a surface area of around 70, 000 square meters of predominantly retail and residential use. With its proximity to the city centre and Cologne Cathedral (around 2.0 km), the area is among the most popular residential locations while at the same being an attractive office location, especially for the creative industries. Alongside various retail companies, the ‘Kaufland’ department store is an anchor tenant with more than 11, 000 square meters in retail space.
Tristan Capital Partners is an independent real estate investment manager based in London and is regarded as being among the market leaders in Europe. The firm currently advises six funds with assets under management of more than € 5 billion.
FREO Group is a private equity company and fund manager specialising in the acquisition and development of commercial properties in Germany. The company currently has around one million square metres of commercial space under management and will act as asset manager for the Barthonia Forum.
HSH Nordbank was advised by Taylor Wessing on the transaction.