Palmira Capital Partners enters Spanish industrial property market
PALMIRA CAPITAL PARTNERS, the Frankfurt based investment and asset manager of industrial real estate, today announced that it has entered into a cooperation with Kefren Capital Real Estate (KCRE), a Madrid-based real estate investment and asset manager.
The cooperation on the Iberian Peninsula is part of Palmira’s plans to expand into Europe and to work with country partners that possess strong knowledge, networks and management skills in the local industrial property markets. The Palmira Iberia office shall be domiciled at the KCRE office.
"This is an important step in the creation of our pan-European industrial property platform which shall build an essential element in our capability to structure and raise new funds that will target investments in European logistics properties. We look forward to joining forces with KCRE in the origination, funding and management of logistic deals in the Spanish market", said Alexander Hoff, Palmira’s founder and managing partner.
"The Spanish industrial property market is starting its come-back. We want to be ready when investment activities are going to pick up in order to benefit from attractive deal opportunities for our investors", added Peter Schuijlenburg, a Partner with the company and managing its European expansion.
"We are proud to take part of Palmira's pan-European platform. Our local presence will enhance Palmira’s sourcing activities in the Iberian Peninsula and support the implementation of Palmira's strategy in a timely and efficient way", staid Rui Mercadal Vieira, executive partner of KCRE.
"Spain is back as a preferred investment destination, both for equity and debt investors. We believe that our partnership will allow success in the increasingly competitive investment market, reflecting the expected economic catch up," added Pelayo Primo de Rivera, also an executive partner of KCRE.