Palmira Capital Partners has concluded a further acquisition for its Corporate Real Estate Club 2 (UIC 2). The latest is an office property in Hainichen, Saxony, in the heart of the Chemnitz-Dresden-Leipzig triangle. The purchase took place as part of a sale-and-lease-back transaction. The parties have agreed not to disclose the purchase price.
The fully let property, at Frankenberger Strasse 9a / Gottlob-Keller-Strasse 2, was constructed in phases between 1974 and 2003 and has been recently refurbished. The asset which comprises 26,965m² is fully let to Innomotive Systems Hainichen.
This latest acquisition increases the fund portfolio to five properties.
