The Carlyle Group acquires three German logistics assets

Global investment firm The Carlyle Group today announced that it has acquired a portfolio of three distribution logistics assets in Germany from Nuveen Real Estate Income Fund and Palmira Capital Partners.

Equity for the transaction 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.

The European logistics space has been a key focus for CER since 2016. While the sector has enjoyed rapid growth in recent years, the Covid-19 pandemic has accelerated this with higher delivery volumes resulting from the continued shift towards e-commerce.

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