Carlyle acquires 8 prime distribution logistics assets in Germany
Munich, Germany, 13 January 2022 – Global investment firm Carlyle (NASDAQ: CG) today announced that it has acquired 8 distribution logistics assets, located close to major urban hubs in Germany.
The assets, which totals 62,000 sq m in aggregate, are situated in key metropolitan areas in Germany, and are complementary to Carlyle’s existing distribution logistics portfolio in Europe. Spread across five separate transactions, Carlyle has acquired two assets located close to Düsseldorf, two assets close to Munich, two assets in Bremen and single assets in the Cologne and Stuttgart regions.
Equity for the investment came from Carlyle Europe Realty (CER), Carlyle’s pan-European real estate platform. In October 2020, CER acquired a portfolio of 27 distribution logistics assets in France and Germany, added three additional German assets to the platform in January 2021 and acquired a single German asset in March 2021. These additional acquisitions increase the scale of the platform and continue to extend CER’s exposure to the German distribution logistics segment, a core part of its investment strategy in Europe.
The European logistics market, an area of focus for CER since 2016, has experienced a surge in growth in recent years. There has been an increased shift towards e-commerce as a result of the Covid-19 disruption, accelerating demand for distribution logistics space in established metropolitan hubs.
Erik Orbach, Director on the Carlyle Europe Realty advisory team, said: “Germany represents one of Europe’s most established markets for prime urban logistics assets and we are delighted to increase our exposure in this core geography. This string of acquisitions represents a continuation of CER’s focus of identifying high-quality assets strategically located close to major urban hubs.”
CER has been active in the distribution logistics space in recent months including in markets such as France, UK, the Netherlands, and Italy, and has also announced a partnership with Montano Real Estate to invest in logistics assets with a focus on distribution assets in Germany.
CER’s advisory team for this latest set of acquisitions consisted of DLA Piper, PMJL, PWC, and Actum Real Estate Investment.
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.
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