Palmira Capital Partners (Palmira) has made another investment for the European Core Logistics Fund (ECLF) with a logistics centre in Ghent. This is ECLF‘s first acquisition in Belgium. The seller is MG Real Estate N.V. It was agreed not to disclose the purchase price.
The property, completed in 2022, is a state-of-the-art distribution centre in the North Sea Port in Ghent. On a plot of around 160,795m2, the property has a rental area of around 75,050m2. The asset is fully rented to the full-service logistics provider Eutraco NV.
Palmira received legal advice from Dentons and Altius and tax advice from E&Y. Technical support was provided by CBRE, while Nova Ambiente was responsible for environmental aspects. MG Real Estate is commercially advised by Savills.
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