Palmira Capital Partners has successfully concluded the first investment acquisition for the ECLF (European Core Logistics Fund). The property is a last-mile main transhipment base in Linz-Horsching for DHL Express (Austria). Standing on a site of around 36,000m², the building provides a lettable area of approximately 9,000m², including some 7,000m² of logistics space and 2,000m² of office accommodation. The property is fully let for around seven years. Situated at Flughafenstrasse 3, the asset has a direct link to the apron of Linz Airport. The vendor is Meir Logistik Center.
ECLF, which as a pan-European fund is aimed at institutional investors, has a target equity capital volume of at least €350m. A total investment volume of around €650m is therefore possible. Designed as an open-ended special fund, the vehicle focuses on future-oriented logistics properties in core locations on the most important transport axes in continental Europe. These are complemented by properties for urban last-mile deliveries in the major conurbations. The planned distribution yield is 5.0% p.a.
