Italian asset manager DeA Capital Real Estate SGR has joined forces with London-based Palm Capital to launch a new closed-end investment fund focusing on logistics real estate. The new vehicle, called Palm Partners Italy I, is said to be looking to reach a volume of €200 mln, according to well-informed market sources. It will focus on existing assets as well as new developments in Italy.
The fund has carried out the first acquisition with the purchase of a site near Novara for the development of a new logistics facility. Upon completion, the property will provide 64,000 m2 of space and will be let to a major international logistics company.
Source: PropertyEU 12 Sep 2024