DLA Piper advises Carlyle on the acquisition of 8 prime distribution logistics assets in Germany
DLA Piper has advised global investment firm Carlyle (NASDAQ: CG) on its acquisition of 8 distribution logistics assets, located close to major urban hubs in Germany.
The assets, which total 62,000 sqm in aggregate, are situated in key metropolitan areas in Germany, and are complementary to Carlyle’s existing distribution logistics portfolio in Europe. Spread across five separate transactions, Carlyle has acquired two assets located close to Düsseldorf, two assets close to Munich, two assets in Bremen and single assets in the Cologne and Stuttgart regions.
Equity for the investment came from Carlyle Europe Realty (CER), Carlyle’s pan-European real estate platform. In October 2020, CER acquired a portfolio of 27 distribution logistics assets in France and Germany, added three additional German assets to the platform in January 2021 and acquired a single German asset in March 2021. These additional acquisitions increase the scale of the platform and continue to extend CER’s exposure to the German distribution logistics segment, a core part of its investment strategy in Europe.
CER has been active in the distribution logistics space in recent months including in markets such as France, UK, the Netherlands, and Italy, and has also announced a partnership with Montano Real Estate to invest in logistics assets with a focus on distribution assets in Germany.
Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. Carlyle employs more than 1,800 people in 26 offices across five continents.
The DLA Piper team was led by partner Fabian Mühlen (Real Estate) and also comprised of partner Dr Torsten Pokropp, counsel Martin Wilmsen (both Finance & Projects), senior associates Dr Philipp Reclam, Konstantin Decker-Horz (all Frankfurt) and Moritz Mursa as well as associates Vanessa Brückner and Dr Leonard von Bargen (all Cologne, all Real Estate).