Global investment firm The Carlyle Group has acquired a portfolio of 27 distribution logistics assets in France and Germany in a sale-and-leaseback transaction.
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.
”The European logistics market has experienced rapid growth in recent years, and proved resilient throughout the Covid-19 pandemic..”
Equity for the investment came from Carlyle Europe Realty (CER), a €540 million pan-European real estate fund. 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, said in the statement.
“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,” said Marc-Antoine Bouyer, Managing Director on the Carlyle Europe Realty advisory team.