Palmira Capital Partners has launched the "Palmira European Core Logistics Fund", an open-end special fund pan-European fund oriented towards institutional investors.
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 and Palmira is aiming at an equity volume of at least EUR 350 million. It plans to invest around EUR 650 million, expecting 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.