Aldar Properties, Carlyle invest €99.5m in 14 U.K. warehouse sites

Aldar Properties has added further weight to its international-expansion plan with an AED 407 million ($111 million) investment in logistics and storage assets in Europe through a partnership with Carlyle.

The strategic partnership will see Aldar make a commitment to the Carlyle Europe Realty (CER) platform, the company’s Pan-European real estate strategy, alongside a majority stake in a co-investment platform, which includes an income-producing portfolio of 14 warehouses located across key logistics hubs in the United Kingdom. The portfolio, which is managed by Carlyle, comprises 900,000 square feet of gross leasable area and is fully occupied with substantial reversion potential. Aldar also has invested alongside Carlyle and other investors into a portfolio of self-storage facilities and development sites in Western Europe.

The private equity investments dovetail with Aldar’s recently announced capital commitment to European commercial real estate private credit