Funds

Since our foundation, we have launched investment vehicles in the form of regulated special funds, attracting over 40 well-known institutional investors. These investors include superannuation schemes, pension funds, 

insurance companies, banks, and private equity investors. 

All our funds have consistently exceeded their initially forecasted returns. As of 31.12.2023, our assets under management totalled EUR 1.8 billion.

Helaba European Core Fund (ECLF 2)

Helaba European Core Fund (ECLF 2)

Another example of our expertise and performance in the logistics property sector is our commission by Helaba Invest. The fund invests in existing properties and pre-let development projects in core locations, as well as sustainable properties in selected continental European markets. The fund is actively managed to identify and capitalise on potential rent increases and lettings. All fund properties are 100% let.
Launch
Status
Profile
Volume
2022
MGMT / Investment phase
Logistics / Core
€310m
IRR:

European Core Logistics Fund (ECLF 1)

European Core Logistics Fund (ECLF 1)

The fully invested fund is a proof of concept for our successful work. We have successfully invested in existing properties and pre-let development projects in core locations, as well as sustainable properties in selected continental European markets. We also capitalise on the potential for rent increases and lettings. The fund properties are 99% let.
Launch
Status
Profile
Volume
2021
MGMT / Fully invested
Logistics / Core
approx. €300m
IRR:

Unternehmensimmobilien-Club 2

Unternehmensimmobilien-Club 2

SMEs, which comprise 99.6% of all German companies, drive innovation, technology, and the German economy. Therefore, Palmira's UIC 2 includes a broadly diversified regional and sectoral portfolio of high-quality properties, focusing on German SMEs as tenants. The vehicle is actively managed to identify and capitalise on potential rent increases and lettings.
Launch
Status
Profile
Volume
Properties
Q1/2020
MGMT / Fully invested
Core / Light Industrial
€280m
12
IRR:

European Core Logistics Partnership

European Core Logistics Partnership

In collaboration with Apollo Global Management, Palmira invested in core logistics properties in key continental European markets, acting as both asset manager and property manager. The approximately EUR 1 billion portfolio was successfully sold at the beginning of 2020.
Launch
Status
Profile
Volume
Properties
2017
Realized (2019)
Core Plus / Logistics
€1000m
28
IRR:

> 20% p. a.

Unternehmensimmobilien-Club 1

Unternehmensimmobilien-Club 1

UIC 1, invested in German corporate real estate in the ‘Core’ risk class, was launched for a twelve-year term. The investors include German and Austrian insurance companies, investment companies, pension funds, and a savings bank.
Launch
Status
Profile
Volume
Properties
2016
MGMT / Fully invested
Core / Light Industrial
€210m
9
IRR:

12% p. a.

First Business Parks

First Business Parks

First Business Parks was founded as a joint venture with an international family office to acquire last-mile logistics properties. By applying proactive asset management and closely supporting tenants, we generated a high distribution yield. The properties were sold in 2018, generating an IRR of over 16%.
Launch
Status
Profile
Volume
Properties
2015
Realized (2018)
Light Industrial
€100m
6
IRR:

16% p. a.

ICF German Logistics

ICF German Logistics

ICF German Logistics was fully invested within two years. Together with Nuveen, PALMIRA successfully acted as co-investment and asset manager, as well as property manager, for the fund launched by Institutional Investment Partners. The fund has an IRR performance of over 12%.
Launch
Status
Profile
Volume
Properties
2014
MGMT / Fully invested
Logistics / Core
€400m
16
IRR:

12% p. a.

Palmira Henderson German Logistics Fund

Palmira Henderson German Logistics Fund

The PALMIRA Henderson German Logistics Fund was fully invested within just two years. It was extended until 2026 at the initiative of the investors, which include German insurance companies, pension funds, and savings banks. The average dividend yield is over 10% p.a.
Launch
Status
Profile
Volume
Properties
2012
MGMT / Fully invested
Logistics / Core
€330m
12
IRR:

12% p. a.

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