Advertising: Palmira let more than 200,000 square meters of space in 2020 and expands its European presence | message

Palmira Capital Partners, an independent full-service investment manager for European logistics and industrial real estate, was able to rent more than 200,000 square meters in 2020, which was marked by the corona crisis. Around 83,000 square meters of this was for new leases and around 125,000 square meters for contract extensions.
“This underlines on the one hand the competence and good networking of our teams in the market and on the other hand emphasizes the increased demand for multifunctional storage space and urban logistics”, comments Alexander Hoff, Managing Partner of Palmira.

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At the end of last year, Palmira was managing a total of 50 logistics and corporate properties. These were among the six funds launched by the company and part of the Maximus portfolio sold in January 2020.

In connection with the successor fund to UIC 1 and the Palmira European Core Logistics Fund, which was successfully launched in December 2020, Palmira is continuing its expansion in Europe. The opening of an office in Paris is planned for this year. The investment manager, whose team currently has 42 employees, will then be represented at a total of nine locations. Acquisitions with a total volume of at least 600 million euros are planned for 2021.

Image sources: AIF