Palmira Capital Partners, one of Europe's leading investors and asset managers for logistics and corporate real estate, has made a further investment for the European Core Logistics Fund (ECLF) with the purchase of a logistics centre in the port of Ghent, the fund's first acquisition in Belgium. The property was purchased from MG Real Estate N.V.
Completed in 2022, the property is a state-of-the-art distribution centre that occupies a plot of around 160,795 sq m, and has a rental area of around 75,050 sq m. It is fully let to logistics provider Eutraco NV.
The ECLF, designed as an open-ended special fund, places the investment focus on future-oriented logistics properties in core locations along the most important transport axes in continental Europe. Additions include objects for urban last-mile supply to the most important metropolitan areas.