Palmira acquires second last-mile logistics property in Poland this year

Palmira Capital Partners has acquired another property for the European Core Logistics Fund, located in Gliwice, Poland. The vendor is a fund advised by Crescendo Real Estate Advisors. The parties have agreed not to disclose the purchase price.

The last-mile logistics property, at Bojkowska Street 65 in Gliwice, was constructed in 2014. Standing on a site of approximately 27,680 square meters (299,880 square feet), the asset provides a leasable area of around 8,000 square meters (86,110 square feet). About 7,000 square meters (75,350 square feet) of this is warehouse and distribution space, with around 1,000 square meters (10,760 square feet) of office, staff and building services accommodation. The property is fully leased to DPD Polska, a last-mile logistics service provider.

Aleksandra Bis, asset manager in charge at Palmira, said, “With this transaction, we are delighted to have acquired another excellent core property and to have DPD, a globally leading logisti