Mayer Brown has advised Tristan Capital Partners, a London-based real estate investment management company, on the purchase of the Project Tree portfolio for circa £153 million through its European Property Investors Special Opportunities 3 fund (EPISO 3).

Project Tree portfolio is comprised of 140+ retail units with a mixture of high street shops, convenience parades and centres as well as some secondary quality offices, industrial assets and around 250 apartments.

The assets were brought to the market in April by receivers at KPMG.

Chris Harvey, partner and head of Real Estate Investment at Mayer Brown, said: “We are delighted to have successfully acted on our first transaction for Tristan Capital Partners, which involved acquiring a large portfolio of properties with debt financing within a challenging time frame.”

The Mayer Brown team was led by Real Estate partner Chris Harvey and included Real Estate partner Pat Jones; Banking & Finance partner Stephen Walsh and Tax Transactions & Consulting partner Sandy Bhogal.