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EXCLUSIVE — Palmira Capital Partners markets core logistics fund in Europe
Fundraising - NOVEMBER 23, 2020

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EXCLUSIVE — Palmira Capital Partners markets core logistics fund in Europe

by Kali Persall

Palmira Capital Partners, a firm specializing in European logistics and industrial properties, has launched its open-end Palmira European Core Logistics Fund.

The Pan-European fund is geared toward institutional investors and plans to invest €650 million ($769 million) in forward-looking logistics assets in core locations on the major transport axes in continental Europe. The fund will also invest in properties for urban last-mile deliveries in large conurbations.

“The regulated investment environment we are working in is tailored to the need of German pensions funds, insurance companies and Sparkasses,” said Alexander Hoff, managing partner at Palmira, in an exclusive interview with IREI. “It’s not open-ended in a classical way. Our funds tend to have up to 10 institutional investors and we stop fundraising at pre-agreed limits to ensure a homogenous club of investors.”

Palmira already has more than €100 million ($118 million) in equity commitment

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