TPG Real Estate has sold a €450m (£394.5m) portfolio of central and eastern European office assets to specialist investor Revetas in partnership with Goldman Sachs Asset Management’s vintage funds.
The duo will acquire company TriGranit along with its entire portfolio of 1.9m sq ft of fully-let office buildings valued at €450m in Poland and Hungary, including three with permitted development rights. TPG originally bought the company for more than €500m at the end of 2015, but has since sold off substantial parts of its portfolio.
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