Palmira Capital Partners is planning to raise at least €350m for newly launched open-ended core European logistics property fund.

The manager said the Palmira European Core Logistics Fund plans to invest around €650m and expects an annual distribution yield of 5%.

Palmira said it has raised over €100m for the fund, adding that it is also in talks to buy three properties in Germany, the Netherlands and Poland.

”The fund’s investment focus is on forward-looking logistics assets in core locations on the major transport axes in continental Europe, supplemented by properties for urban last-mile deliveries in large conurbations,” the manager said.

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