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Blackstone: acquires a portfolio from Tikehau

(CercleFinance.com) - Tikehau Capital and Foncière Atland announced the sale of a 180 000 m2 portfolio of industrial assets to Blackstone.

The portfolio includes 22 industrial assets held by TRE1, a fund managed by Tikehau Capital, and let to Elis.

TRE1 is predicted to achieve close to 2x return for its investors.

The TRE 1 fund was set up by Tikehau Capital in March 2014 and Foncière Atland took care of the asset management of the portfolio.

The initial investment was secured by 15-year term leases. The portfolio benefits from a residual firm period of over 9 years on the leases.

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