Palmira Capital Partners partners with Apollo Global Management in €1bn JV

Palmira Capital Partners partners with Apollo Global Management in €1bn JV

Published at: 2017-10-24 11:28 | Author: CIJ Europe
Palmira Capital Partners has partnered with Apollo European Principal Finance III Fund to invest more than €1bn in modern logistics facilities across Europe. The joint venture has already invested €100m in four transactions in Germany over the last three months, including assets in Bergkamen, Berlin and Osnabrück. Additional transactions in five countries with an aggregate value of more than €400m are currently in due diligence. The investment focus of the joint venture is core and future core assets in Germany, Benelux, Central and Eastern Europe, France and Iberia.
“The logistics market across Europe remains very strong with a constantly growing demand from occupiers. We have long been looking for an experienced partner like Apollo to execute a pan-European logistics investment strategy,” said Alexander Hoff, founder and managing partner of Palmira Capital Partners.

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