A fund co-advised by AEW europium and Tristan Capital Partners acquired the portfolio of cinque w atomic number 18houses and distribution centers from Panattoni Europe and ensample Life Investments
LONDON (June 29, 2010) Stewart Title Ltd., the underwriter for UK, European, Australian and mod Zealand doings for Stewart Information Services Corp (NYSE-STC), issued the title insurance policies for AEW Europes and Tristan Capital Partners acquisition of a portfolio of five warehouses and distribution centers located in Poland.
As the chosen title insurer for AEW Europe and Tristan Capital Partners, we are extremely high-flown to have safeguarded this portfolio transaction, said Steven M. Lessack, chief executive officer, Stewart Title Ltd. Stewart Title specializes in indemnifying the guess involved in acquiring commercial real estate so that our clients can focus on managing their investment portfolios with security and peace of mind.
Built between 2007 and 2009, the warehouses are located across Poland, in Lodz, Poznan and Pruszkow. The warehouses are more than 170,000 whole meters combined and are multi-let to more than 18 separate tenants with carbon percent occupancy.
The total amount insured in this transaction exceeded EUR 90 million. Salans Global Real Estate Group acted for AEW Europe on the acquisition.Â
By works in cooperation with Stewart Title, Salans was able to promote our client by facilitating a large multi-property investment transaction in record time while simultaneously, obtaining substantial certificate for our mutual client, commented Evan Lazar, co-chairman of Salans Global Real Estate Group. Our good working relationship with title insurers such as Stewart is another expressive style in which we can add value for our clients.Â
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