Palmira Capital Partners (Palmira) has acquired a logistics terminal and an administration building of the renowned logistics company Müller - Die lila Logistik SE for the European Core Logistics Fund (ECLF) as part of a sale-and-lease-back transaction in the established logistics region along the A81 motorway, between Stuttgart and Heilbronn. The parties have agreed not to disclose the purchase price.
The property, which was completed in 2018, is a state-of-the-art logistics centre at Ferdinand-Porsche-Strasse 6 in Besigheim-Ottmarsheim. It comprises 14,600 square metres of lettable space, including around 12,150 square metres of logistics space and approximately 2,450 square metres of office and social space. The property, which is located on a plot of land measuring approximately 36,500 square metres, was acquired in an off-market deal.
Palmira was supported in legal and tax matters by Dentons, Dusseldorf. CBRE provided technical advice, while Nova Ambiente was responsible for environmental aspects.
The vehicle, designed as an open-ended special fund, focuses on future-oriented logistics properties in core locations along the most important transport axes in continental Europe. The fund is supplemented by properties in the urban, last mile supply of the most important conurbations.