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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.