Eisenberger & Herzog (E&H) has accompanied and successfully completed three real estate transactions for Palmira Capital Partners.

Project 1: Kuehne + Nagel distribution center

With the support of E&H, Palmira Capital Partners has acquired a modern distribution center in the greater Vienna area for Palmira Logistik Europa Fonds 1 from a global provider of logistics areas. Non-disclosure has been agreed on the purchase price. The sole tenant of the property is the logistics company Kuehne + Nagel. The transaction was closed on 31 March 2017.

On E&H side, the team was led by Michael Strenitz (partner, lead manager, real estate) and also consisted of Wolfgang Kiegerl (associate, real estate), Christina Hofmann (senior associate, public law), Jasmin Wurzinger and Jasmin Schönfelder (both associates, public law). The other party was advised by Peter Madl (Schönherr).

Project 2: UBM / Magna Logistics & Operations Center

E & H has advised Palmira’s purchase of the approx. 22,000m2 Magna Logistics and Operations Center (Graz) from real estate developer UBM Development. The transaction volume amounts to EUR 17 million. The deal was signed at the end of February 2017 and the closing is scheduled for the second quarter of 2017.

The team of E&H consisted of Michael Strenitz (partner, lead manager, real estate), Sasa Stojanovic (senior associate, real estate), Stefan Jeitler (associate, real estate), Christina Hofmann (senior associate, public law), Jasmin Wurzinger and Jasmin Schönfelder (both associates, public law). The other side was represented by Stefan Würrer (UBM inhouse legal).

Project 3: UBM / DHL Logistics & Operations Center

In December 2016, the closing of the purchase by Palmira Capital Partners of a logistics and operating center leased to DHL Paket (Austria) at CargoCenter Graz (CCG) of UBM Development took place. Non-disclosure has been agreed on the purchasing price. The transaction was structured as forward purchase.

The team of Eisenberger & Herzog consisted of Michael Strenitz (partner, lead manager, real estate), Stefan Jeitler (associate, real estate), Christina Hofmann (senior associate, public law), Jasmin Wurzinger and Jasmin Schönfelder (both associates, public law). The other side was represented by Stefan Würrer (UBM inhouse legal).

“Eisenberger & Herzog provided legal advice on the entire transaction for all three projects. We are proud to support our client Palmira Capital Partners since their very successful start in the Austrian market. The close interlinking of corporate law, real estate law and public law in our law firm has once again proven to be a success”, says partner and project manager Michael Strenitz.

“We are delighted that we have successfully completed three strategically important transactions in such a short period of time”, adds Mathias Leidgeb, Palmira Capital Partners.

About Palmira Capital Partners GmbH

Palmira Capital Partners GmbH, Frankfurt/Main, is a leading investment company specializing in logistics and industrial real estate. Palmira manages more than € 1 billion in assets and has offices in Germany, Austria, the Netherlands, Spain, Poland and Luxembourg.

www.palmira-capital.com

 

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