The Carlyle Group 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 totaling 158,000 square meters (1.7 million square feet) of space focused on parcel-delivery. The assets are strategically located near major urban and trade areas across France (92,000 square meters/tk square feet) and Germany (66,000 square meters/710,000 square feet). In aggregate, the portfolio is currently more than 98 percent occupied.
Equity for the investment came from Carlyle Europe Realty (CER), a €540 million ($638 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 ecommerce has accelera
