Palmira Capital Partners, one of the leading sector specialists in European logistics and industrial properties, has launched the Palmira European Core Logistics Fund.
As an open-end special fund, the pan-European fund is oriented to institutional investors. Aiming at an equity volume of at least €350 million, Palmira plans to invest around €650 million and expects an annual distribution yield of 5%.
Palmira already has equity commitments totalling over €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 €1 billion in logistics and light industrial properties, which are managed by an in-house specialist team spread over nine offices in Europe. All the investment vehicles issued by Palmira have significantly exceeded their targets since they were launched.
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