EPISO fund bought stake in logistics complexes from VGP
European Property Investors Special Opportunities real estate fund (EPISO) has purchased 80 % stake in six logistics complexes in and around Prague from VGP. The transaction is valued at nearly EUR 300 million (approximately CZK 7.3 billion). The fund, co-managed by AEW Europe and Tristan Capital, and VGP will be 80:20 co-owners of properties built in the Prague region between 2005 and 2010. Majority of the acquired portfolio is VGP Park Horní Počernice in north-east Prague. The portfolio comprises more than 368,000 sqm; occupancy rate is at 99 %.
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Author: ČTK, Date 22.03.2011
