The Carlyle Group acquires prime French and German distribution logistics assets

Paris, France and Munich, Germany, 26 October 2020 - Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has acquired a portfolio of 27 distribution logistics assets in France and Germany. The transaction is structured as a sale-and-leaseback.

The portfolio comprises of 27 high-quality distribution logistics assets totalling 158,000 sq m of space focused on parcel-delivery. The assets are strategically located near major urban and trade areas across France (92,000 sq m) and Germany (66,000 sq m). In aggregate, the portfolio is currently more than 98% occupied.

Equity for the investment came from Carlyle Europe Realty (CER), a €540 million pan-European real estate fund. This acquisition increases the fund’s exposure to European logistics, an area of focus for the fund since 2016. The European logistics market has experienced rapid growth in recent years, and proved resilient throughout the Covid-19 pandemic as the shift to e-commerce has accelerated resulting in higher delivery volumes. 

Marc-Antoine Bouyer, Managing Director on the Carlyle Europe Realty advisory team, said: “This acquisition exemplifies our strategy of targeting well located, high-quality assets in the distribution logistics sector which have seen rapidly growing delivery volumes accelerated by strong growth in e-commerce.  We are delighted to grow our exposure to this fast-growing segment across France and Germany, two countries that are core to our investment strategy in Europe.”

ENDS

Press Enquiries:
The Carlyle Group:
Andrew Kenny
Tel: +44 7816 176120
Email: Andrew.Kenny@Carlyle.com

About The Carlyle Group:
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $221 billion of assets under management as of June 30, 2020, 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. The Carlyle Group employs more than 1,800 people in 31 offices across six continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.