First Business Parks


Crossroads and Palmira have established a Joint Venture, First Business Parks (“FBP”), a leading light industrial platform in Germany which pursues proprietary and conservative multi-let industrial focused real estate investment opportunities. FBP aims to take a non institutional asset class and through selective acquisitions and best in class asset management, establish an institutional portfolio that provides for stable long-term income returns.


  • Professional, entrepreneurial and focused management team

  • Proprietary origination

  • Close and effective network of leading, reputable agents, and bankers enables the Platform to secure off market opportunities and high occupancy rates

  • Extensive knowledge and experience in operating such asset class.


  • Focus on Germany’s core cities

  • Target income producing opportunities providing for double digit annual cash returns

  • Pursue a flexible investment model, enabling us to underwrite and execute fast, focused on risk adjusted returns

  • Focus on meeting the defined acquisition criteria list to ensure stability of income and a viable exit.

“Our goal is to aggregate a high quality portfolio of medium sized, multi let light industrial and logistic assets primarily in Germany.”