Leading investor Palmira Capital Partners has bought its first logistics property in Belgium, a state-of-the-art distribution center.
The Ghent investment is for the European Core Logistics Fund (ECLF). The seller is MG Real Estate N.V. The purchase price is not being disclosed.
The logistics property, completed in 2022, stands on around 160,795 square meters and has a rental area of around 75,050 square meters. It is fully rented to the full-service logistics provider Eutraco NV.
Palmira received legal advice from Dentons and Altius and tax advice from E&Y. Technical support was provided by CBRE, while Nova Ambiente was responsible for environmental aspects. MG Real Estate was advised by Savills.
The ECLF, designed as an open-ended special fund, places the investment focus on future-oriented logistics properties in core locations along important transport axes in Europe.
