February 3, 2017
Following 25 years of investing in people and investing in property, Palmer Capital this year celebrates its quarter century anniversary.
They mark this monumental birthday following a successful 2016 and with high hopes for an even better 2017. Through a combination of Investment Management and 33.3% shareholdings in its seven Operating Partners, Palmer Capital has been able to showcase a unique attitude to property development.
With the focus always on adding value to real estate assets, Palmer Capital recognise that hands on management and a network built on collaboration will consequently optimise deal flow, and benefit all involved. The support that they provide to entrepreneurial property development companies is rewarded by extensive local knowledge and expertise; making for more informed business, and greater yields for investors.
With the current political climate causing concern for many of the world’s largest investors, real estate is rapidly becoming a favourable choice. Thus, with impeccable timing Palmer Capital have recently made their Core/Core Plus Income LP Fund open-ended. The current portfolio compromises 18 assets with a portfolio valuation undertaken by CBRE at December 2017 of £125,485,407, which represents a portfolio property yield of 5.5%. By focusing on long-term leases with fixed minimum uplifts, the fund seeks to deliver a consistent and attractive dividend when compared to current interest rates and alternative forms of investment.
Another of Palmer Capital’s key investment themes for its 25th year is that of urban asset creation. Understanding the social drive towards urbanisation and cities, they are looking to acquire property which can be developed through change of use and consequent regeneration. This is something which Palmer Capital have a successful track record at achieving – the current development of Finzel’s Reach in Bristol being prime example of their ever growing track record in the creation of assets in urban locations.
Finally, with an anniversary to mark, there will of course be celebrations. Many of Palmer Capital’s own staff will be taking part in half marathons, cycles, triathlons and Tough Mudder challenges, to raise money for their long supported charity Land Aid. There will be a treasure hunt, a Bake-Off tournament, 5 aside football, and, the tip of the iceberg, a summer cocktail party for all of their staff, operating partners and associates. Prepare the champagne – 2017 is set to be a big year for Palmer Capital.