“Palmer Capital’s unique depth of asset management across multiple offices allows it to undertake portfolio transactions with a geographic spread that others can’t match.”
Palmer Capital’s combination of access to institutional and private investor capital, combined with its multiple offices across the UK and Continental Europe, allow it to carry out large scale actively managed and development based portfolio transactions.
This unrivalled ability was demonstrated when Palmer Capital, in partnership with RREEF, undertook a leaseback transaction in the UK to Somerfield, now part of the Co-operative Group. Palmer Capital acquired a portfolio of 104 petrol filling stations across the UK from Texaco and simultaneously leased them to Somerfield on 20 year leases. Palmer Capital’s venture capital
backed companies were then responsible for redeveloping the properties in their regions transforming them from a traditional kiosk format into a modern day retailing format. The project had an investment value of over £200m and
was one of the largest sale and leaseback development deals in the UK in recent years. The project was nominated for the "Property Awards”, Deal of the Year 2010".
Palmer Capital has also become a partner to manage out portfolios across Continental Europe, such as its appointment to assist investors in the Belgravia European Logistic Fund and on the restructuring of the Belgravia European Property Fund.
The entrepreneurial management available in each of its regional offices provides Palmer Capital with the management capacity to undertake portfolios where value is added not only at the portfolio level but also at an individual property level.