Palmer Capital comes to Poland

The kind of properties the fund is interested in include shopping centres and retail parks in towns and cities of over 50,000 people, with areas of between 10,000 and 20,000 sqm gla and in a price range of EUR 5 mln to EUR 30 mln. The company is looking for well-located and established centres with grocery anchors that can generate returns of around 8 pct per annum. The first acquisitions should take place in the summer. These are the kind of properties that Ben Maudling, a managing director and shareholder of Palmer Capital, believes institutional funds have not yet begun to target. “We hope to take advantage of being one of the first. I hope this segment will be relatively free of competition for two or three years,” he explains, but also concedes that other players could come onto the local scene much sooner. These plans seem quite ambitious when you consider that Palmer Capital has only just entered the Polish market. Already in the regionThe company has a much larger