Carlyle Group buys French logistics portfolio from Prologis
The Carlyle Group has acquired a portfolio of eight French logistics assets from Prologis. The New York-based private equity group said it is looking to grow its presence in France and other western European logistics markets, targeting locations with attractive supply-demand fundamentals. Peter Stoll, head of Carlyle Europe Real Estate, said: “Our ambition in the logistics space is one of a number of strategies that Carlyle is currently pursuing in the UK and mainland European real estate market.
“Our priority is to focus on sectors that are driven by demographic trends and/or structural changes to how real estate is owned and used.”
The 180,000 sqm portfolio, located mainly around Paris and Lyon, is currently 80% occupied.
HSBC provided financing for the acquisition.