Funds

Since it was founded, PALMIRA CAPITAL PARTNERS has launched six investment vehicles in the form of regulated funds and unregulated holdings domiciled in Luxembourg.
All the managed funds have consistently far outstripped their originally forecast returns.

PALMIRA manages assets for over 25 well-known institutional investors, with a range of family offices, pension funds, insurance companies, banks and private equity.
The assets under management totalled 1.5 billion Euro as at 31.12.2020.

European Core Logistics Fund

European Core Logistics Fund

As an open-end special fund, the pan-European fund is oriented to institutional investors. The fund invests in existing properties and pre-let developments at core locations and in sustainable properties in selected continental European markets. The fund will be actively managed in order to identify selective upside potential for rents and lettings. The return profile is aimed at a maximum IRR rather than stabilized cash on cash returns. The fund was successfully sold in January 2020 with a high IRR.
Launched
Profile
Volume
Target volume
Q1/2021
Logistik - Core
approx. €650m
€400m
IRR:

Unternehmensimmobilien-Club 2

Unternehmensimmobilien-Club 2

SMEs are the backbone of the German economy, especially in terms of innovation and technology. 99.6% of all German companies are SMEs. Palmira's third light industrial fund is building up a broadly diversified regional and sectoral portfolio of high-quality real estate with a clear focus on tenants from the German SME sector.
Launched
Profile
Volume
Target volume
Q1/2020
Core
approx. €450m
€300m
IRR:

Palmira Henderson German Logistics Fund

Palmira Henderson German Logistics Fund

The PALMIRA Henderson German Logistics Fund, launched for a term of eight years, was fully invested within only two years. Its investors include German insurance companies, pension funds and Sparkassen (savings banks). The average distribution yield exceeds 10% p.a.
Launched
Status
Profile
Volume
Properties
2012
Management
Core / Logistik / D
€375m
12 (fully invested)
IRR:

12% p.a.

ICF German Logistics

ICF German Logistics

ICF German Logistics was launched for a term of ten years and was also fully invested within two years. PALMIRA acts as investment, asset and property manager for the fund, launched by Institutional Investment Partners, which has a BVI performance of over 12%.
Launched
Status
Profile
Volume
Properties
2014
Management
Core / Logistik / D
€400m
16 (fully invested)
IRR:

12% p.a.

First Business Parks

First Business Parks

First Business Parks was launched as a joint venture with an international family office, for the purchase of last-mile logistics properties. Through proactive asset management and close  tenant support, a high distribution yield generated. The portfolio was sold in 2018, at a price resulting in an IRR of over 16%.
Launched
Status
Profile
Volume
Properties
2015
realised (2018)
Value Add / D, A
€100m
6 (realised)
IRR:

16% p.a.

VZWL Investment KG

VZWL Investment KG

The individual mandate, which has a term of ten years, invests only equity capital. On behalf of a pension fund as sole investor, PALMIRA invests in core logistics property in Germany and Austria, achieving a IRR performance of 8%.
Launched
Status
Profile
Volume
Properties
2015
Management
Core / Logistik / D, A
€200m
8 (fully invested)
IRR:

8% p.a.

Unternehmensimmobilien-Club 1

Unternehmensimmobilien-Club 1

UIC 1 invests in German corporate real estate  in the “core” risk class. It was launched for a term of twelve years. The investors are German and Austrian insurance companies, investment companies, pension funds and a savings bank.
Launched
Status
Profile
Volume
Properties
2016
Management
Core / D
€205m
9 (fully invested)
IRR:

13% p.a.

European Core Logistics Partnership

European Core Logistics Partnership

Together with Apollo Global Management, Palmira invests in  core logistics properties in the core markets of continental Europe. It also acts as asset and property manager. The value is above 1 billion Euro.
Launched
Status
Profile
Volume
Properties
2017
realised (2019)
Core Plus / Logistic / Europe
€1000m
28 (realised)
IRR:

> 20% p.a.

At home in Europe