Palmira launches third European core logistics property fund, with volume of €650 million

Palmira Capital Partners (Palmira), 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 percent.

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.