UK-based fund manager Palmer Capital has expanded its presence in Central Europe by opening a new office in Warsaw, Poland.
The new office will manage the existing portfolio of Palmer Capital in Poland and explore opportunities for enlarging the company’s asset-base with high-yield, mid-market properties in the industrial, commercial and office sectors.
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The office will be managed by an initial team of two Polish property professionals under the supervision of the firm’s head of Central and Eastern European operations, Ben Maudling.
Prague Post quoted Maudling saying: "We announced in March 2013 that we would open a Polish office within 18 months and I am delighted to announce that we have done exactly that, well ahead of schedule.
"We have recruited two first-class professionals as the hub of our Warsaw team and look forward to substantial expansion consistent with Palmer’s exacting standards for developing its portfolio."
Currently, Palmer Capital has EUR300 million of property assets under management in the CEE region and pursues an active acquisition strategy.
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