Palmira launches third European core logistics property fund, with volume of EUR 650 million
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Monday, November 23, 2020
FRANKFURT, Germany, Nov. 23, 2020 /PRNewswire/ -- Palmira Capital Partners (Palmira), one of the leading sector specialists in European logistics and industrial properties, has launched the "Palmira European Core Logistics Fund".
Key Points:
- FRANKFURT, Germany, Nov. 23, 2020 /PRNewswire/ -- Palmira Capital Partners (Palmira), one of the leading sector specialists in European logistics and industrial properties, has launched the "Palmira European Core Logistics Fund".
- 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.
- Palmira, based in Frankfurt am Main, is a leading independent specialist in logistics and corporate real estate.