Palmira Capital Partners has acquired a logistics property for the European Core Logistics Fund (ECLF). The seller is a private investor. The parties have agreed not to disclose the purchase price.
The distribution centre, completed in 2017, at Cellebroederspoort 8 in Dronten, the Netherlands, is located in the Flevopolder logistics region, northeast of Amsterdam. Situated on a plot of land measuring around 31,000m², the property comprises a lettable area of approximately 21,100m². Of this, around 19,300m² is warehouse space and 1,800m² is office and social space. The property is fully let for approximately 9.5 years.
The company had previously acquired properties in Linz, Austria, Lodz, Poland, and Norderstedt near Hamburg, Germany, for the fund this year.
As a pan-European fund, the ECLF is aimed at institutional investors and is targeting an equity volume of at least €350m.
