Palmira Capital Partners has established a joint venture with the Apollo’s European Principal Finance III Fund to invest more than €1bn in European logistics.
It has already invested €100m in four transactions in Germany over the past three months, including assets in Bergkamen, Berlin and Osnabrück.
Further transactions in five countries with a value of more than €400m are currently in due diligence.
The investment focus of the jv will be core assets in Germany, Benelux, Central and Eastern Europe, France and Iberia.
Alexander Hoff, founder and managing partner of Palmira Capital Partners, said: “The logistics market across Europe remains very strong with a constantly growing demand from occupiers.
“We have long been looking for an experienced partner like Apollo to execute a pan-European logistics investment strategy.”
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