Carlyle has acquired a portfolio of logistics belongings in France and Germany in a sale-and-leaseback transaction, as a response to a pandemic-driven rise in e-commerce demand.
The portfolio includes 27 high-quality distribution logistics belongings totalling 158,000 sq. meters of house targeted on parcel-delivery. The belongings are positioned close to main city and commerce areas throughout France and Germany, the agency stated in a press release.
Marc-Antoine Bouyer, managing director on the Carlyle Europe Realty advisory staff, stated each nations are “core” to the agency’s funding technique in Europe. The acquisition displays the curiosity in logistics and distribution, which has seen “quickly rising supply volumes accelerated by robust development in e-commerce”, he stated.
The funding was made through Carlyle Europe Realty (CER), a €540m pan-European actual property fund, closed in June last year. Monetary particulars weren’t disclosed.
The CER car targets opportunistic investments throughout Europe, specializing in “purchase and construct” platforms in key segments akin to logistics, residential, scholar lodging, retail, hospitality and co-working.
The non-public fairness home with $221bn in belongings underneath administration world wide is just not alone in making an attempt to capitalise from the accelerated shift to e-commerce in Europe.
In April, KKR took a majority stake in European investor and supervisor of commercial and logistics assets Mirastar. In Could, the US-based agency continued its transfer into European logistics actual property with the acquisition of Etche France from the BMF Group and its co-founders.
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