Palmira links up with Kefren for Spanish market entry

Palmira Capital Partners, the Frankfurt-based industrial property asset manager, is joining forces with Madrid-based Kefren Capital Real Estate (KCRE) to enter the Spanish market.

The firms are opening a new office in Madrid.

For Palmira, the partnership is part of its plans to expand into Europe through partnerships with local players.

'This is an important step in the creation of our pan-European industrial property platform which shall build an essential element in our capability to structure and raise new funds that will target investments in European logistics properties,' said Alexander Hoff, Palmira’s founder and managing partner.

'The Spanish industrial property market is starting to come back. We want to be ready when investment activities are going to pick up in order to benefit from attractive deal opportunities for our investors,' added Peter Schuijlenburg, a partner with the company who manages the European expansion.

KCRE is the real estate investment and asset management platform of the Madrid based family office Kefren Capital.