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First Business Parks


In March 2015, Crossroads in a joint venture with Palmira, successfully established and rolled out a Germany focused multi-let light industrial platform, First Business Parks ("FBP") 


A high quality light industrial portfolio was aggregated through six separate transactions from private sellers which were all sourced off-market.  Through these selective acquisitions and hands on asset management, FBP established an industrial portfolio that provides for stable long term-income returns.  Crossroads successfully exited the platform investment in September 2018.


  • Entrepreneurial and focused management team;

  • Close and effective proprietary origination network enabled FBP to secure off-market opportunities and high occupancy rates

  • In-house asset management team with extensive knowledge and experience in operating such asset class.


  • Focus on Germany’s core cities with attractive industrial fundamentals;

  • 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; and 

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

“Aggregated a high-quality portfolio of medium sized, multi-let light industrial and logistic assets primarily in Germany and achieved a successful full exit of the platform in September 2018"

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