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Thursday | January 21 | 2021

Palmira plans to invest around EUR 650 million in European logistics assets

Palmira Capital Partners has launched the ”Palmira European Core Logistics Fund”, an open-end special fund oriented to institutional investors.

Aiming at an equity volume of at least EUR 350 million, Palmira plans to invest around EUR 650 million and expects an annual distribution yield of 5%.

Palmira already has equity commitments totalling over EUR 100 million and, currently, three properties in Germany, the Netherlands and Poland are under investigation for acquisition.

The fund’s investment focus is on forward-looking logistics assets in core locations on the major transport axes in continental Europe, supplemented by properties for urban last-mile deliveries in large conurbations. 

Since 2017, Palmira has invested over EUR 1 bn in logistics and light industrial properties, which are managed by an in-house specialist team.

Real estate assets currently under management have a total value of € 2.2 bn. Palmira has offices in Frankfurt, Vienna, Dusseldorf, Hamburg, Luxembourg, Madrid, Rotterdam and Warsaw.

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