Fund manager Palmer Capital has strengthened its presence in Central Europe with the opening of a new office in Warsaw.
Fund manager Palmer Capital has strengthened its presence in Central Europe with the opening of a new office in Warsaw.
The office is situated in the heart of Warsaw’s business district and will be managed by an initial team of two Polish property professionals under the supervision of Ben Maudling, head of Palmer’s Central and Eastern European operations.
Palmer plans to grow its Warsaw staff to six by the end of 2014.
The office’s function will be to manage Palmer’s existing portfolio in Poland and to explore opportunities for enlarging the company’s asset-base with high-yield, mid-market properties in the industrial, commercial and office sectors.
Palmer currently has €300 mln of property assets under management in the CE and CEE regions and pursues an active acquisition strategy.