Tristan and Ellandi shop in Northern Ireland
Posted by Property Week on 27th May 2015
A fund advised by Tristan Capital Partners in a joint venture with Ellandi has acquired the Erneside Shopping Centre in Enniskillen, Northern Ireland, for around £34m.
Tristan’s Curzon Capital Partners IV Fund has bought the 158,000 sq ft centre, and Ellandi will act as the asset manager.
The centre was being sold by Diageo Pension Trust, which owned it for 17 years.
It has an occupancy rate of 94% with Marks & Spencer, Next and New Look as anchor tenants.
Chris Webb, associate director at Tristan Capital Partners, said: “Erneside is the dominant large shopping centre in County Fermanagh, and attracts around three million visitors a year. This is an opportune time for Tristan to take its first step into the Northern Irish investment market , and acquire a high quality asset at an attractive price.”
Lawyers Pinsent Mason acted for the buyers.