First Business Parks
Germany
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.
THE PLATFORM
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Professional, entrepreneurial and focused management team
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Proprietary origination
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Close and effective network of leading, reputable agents, and bankers enables the Platform to secure off market opportunities and high occupancy rates
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Extensive knowledge and experience in operating such asset class.
STRATEGY
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Focus on Germany’s core cities
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Target income producing opportunities providing for double digit annual cash returns
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Pursue a flexible investment model, enabling us to underwrite and execute fast, focused on risk adjusted returns
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Focus on meeting the defined acquisition criteria list to ensure stability of income and a viable exit.
