DLA Piper advises The Carlyle Group on the acquisition of an additional distribution logistics asset in Germany

DLA Piper has advised global investment firm The Carlyle Group (NASDAQ: CG) on its acquisition of a sizeable distribution logistics asset located in Germany from Luxembourg based Incantada Capital S.á.r.l., a vehicle of European Property Holdings S.á.r.l. which belongs to Johannesburg-listed MAS Real Estate Inc.

The asset, which totals 13,090 sq m, is situated in a prime location with easy access to Munich’s city centre. It adds to Carlyle’s growing portfolio of complementary distribution logistics assets in Germany.

Equity for the investment came from Carlyle Europe Realty (CER), a €540 million pan-European real estate fund. In October 2020, CER acquired a portfolio of 27 distribution logistics assets in France and Germany, and added three additional German assets to the platform in January 2021. Today’s acquisition further increases the scale of the platform and grows CER’s exposure to the German distribution logistics segment, a core part of the fund’s investment strategy in Europe.

The Carlyle Group 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. The Carlyle Group employs more than 1,800 people in 31 offices across six continents.

The DLA Piper team was led by partner Fabian Mühlen (Frankfurt) and also comprised senior associate Moritz Mursa (Cologne) as well as associate Alexander Lamers (Frankfurt, all Real Estate).