Frankfurt-based Palmira Capital is in the process of launching another fund after completing the investment programme for current iteration, European Core Logistics Fund (ECLF).
The successor, ECLF 3, is slated to launch in the spring.
The manager is hoping for strong uptake after completing €400 mln of deals for the current vehicle.
Most recently, Palmira acquired a property in Kragola, between Poznan and Lodz. Built in 2014 and tenanted by Eurocash, the asset provides around 38,100 m2 of hall space and 1,600 m2 of offices. The vendor was Mirae. The parties have agreed not to disclose the purchase price.
It rcecently made an acquisition in Belgium, and with the Eurocash deal has taken the fund to full investment capacity.
Dentons provided legal advice on the transaction, with CBRE providing the technical support while Nova Ambiente dealt with the environmental aspects. Cushman & Wakefield brokered the deal.
Palmira Capital is a European investor and asset manager for logistics and corporate real estate with €2 bn of AUM.
