Pan-European real estate fund manager Tristan Capital Partners and Ellandi, a niche investment manager, have jointly acquired the Swan Centre in the English town of Eastleigh.
The investment volume was not disclosed but it is believed to have been in the region of £40m.
Tristan advises CCP III, the fund that purchased the 21,000 sqm shopping centre from Prupim, the real estate investment management arm of M&G Investments. The Swan Centre deal is the third UK shopping centre acquisition that Tristan and Ellandi have carried out for the fund.
Prupim was advised by CBRE and CMS Cameron McKenna. CCP III was advised by Kitchen LaFrenais Morgan and Addleshaw Goddard.
