Palmira Capital Partners, a logistics and industrial property company in Europe, let over 200,000sqm in 2020, despite the impact of the Corona crisis. Some 83,000sqm of this was accounted for by new lettings, with around 125,000sqm of lease extensions.

“(This) success during the pandemic emphasises the increased demand for multifunctional storage space and urban logistics”, said Alexander Hoff, managing partner at Palmira.

In total, Palmira managed 50 logistics and corporate properties at the end of last year, which belong to the six funds launched by the company as well as part of the Maximus portfolio sold in January 2020.

The company is continuing its expansion in Europe and plans to open an office in Paris this year and plans further acquisitions of industrial property worth €600m in 2021.