Palmira Capital Partners has acquired two additional properties in northern Germany, one for its Unternehmensimmobilienclub 2 (UIC2), the other for the European Core Logistics Fund (ECLF).
For UIC2, Palmira has acquired a commercial park at Obenhauptstrasse 11 in Hamburg (pictured above). It provides a lettable area of around 4,000 square meters 43,000 square feet), of which approximately 1,100 square meters (tk square feet) is warehouse space, with around 2,900 square meters (11,840 square feet) of office space. The vendor of the fully let property is Nilsson + Nilsson GbR. The property, which has a footprint of around 4,200 square meters (45,2089 square feet), was constructed in 1996 and modernized in 2011.
In Norderstedt, an “as-new” cross-dock parcel distribution center at Oststrasse 1, 1a and 1b, built in 2013, has been acquired for the ECLF. The vendor is BEOS AG. Standing on a site of around 72,600 square meters (781,450 square feet), the building p
