Palmira let more than 200,000 sqm of space in 2020 and plans European expandion

Palmira Capital Partners, an independent full-service investment managers of logistics and industrial property in Europe, let over 200,000 sqm in 2020, despite the impact of the Corona crisis. Some 83,000 sqm of this was accounted for by new lettings, with around 125,000 sqm of lease extensions.

"Palmira’s success during the pandemic not only highlights the team’s competence and extensive network across the market but also emphasises the increased demand for multifunctional storage space and urban logistics”, comments Alexander Hoff, Managing Partner of Palmira.

In total, Palmira managed 50 logistics and corporate properties at the end of last year, which belong to the six funds launched by the company as well as part of the Maximus portfolio sold in January 2020.

Together with the successor fund to UIC 1, launched in December 2020, and the Palmira European Core Logistics Fund, Palmira is continuing its expansion in Europe and plans to open an office in Paris this year. The Investment Manager, who currently has a team of 42 staff, will then be represented in nine locations. Acquisitions with total volume of at least EUR 600 million are planned in 2021.