Tristan Capital buys £34m Leamington Spa business estate

Tristan Capital Partners has bought a business estate in Leamington Spa for £34m. It acquired the 440,000 sq ft logistics and office site from Wolseley UK. The site is located within the "Golden Triangle" prime region for logistics. It currently includes two distribution warehouses of 218,000 sq ft and 157,000 sq ft, and a 3.15-acre parcel of land. Tristan purchased the site through its EPISO 4 opportunity fund. Canmoor has been appointed development manager for the project. The partners will refurbish the existing buildings and develop new warehouse space on the land. Nicho Jenkins, managing director of Tristan Capital Partners,