Palmira Capital Partners, A Germany-based investment and asset manager of industrial real estate, has partnered with Kefren Capital Real Estate (KCRE) to foray into Spanish industrial real estate investment market.
Under the agreement, Palmira will expand into Europe and work with country partners that possess knowledge, networks and management skills in the local industrial property markets.
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Palmira said that its Iberia office will be domiciled at the KCRE office.
Pelayo Primo de Rivera, an executive partner of KCRE, said: "We believe that our partnership will allow success in the increasingly competitive investment market, reflecting the expected economic catch up."
Rui Mercadal Vieira, also an executive partner of KCRE, said: "Our local presence will enhance Palmira’s sourcing activities in the Iberian Peninsula and support the implementation of Palmira’s strategy in a timely and efficient way."
Alexander Hoff, founder and managing partner at Palmira, said: "This is an important step in the creation of our pan-European industrial property platform which shall build an essential element in our capability to structure and raise new funds that will target investments in European logistics properties.
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By GlobalData"We look forward to joining forces with KCRE in the origination, funding and management of logistic deals in the Spanish market."
