The Carlyle Group has acquired four French logistics assets from CBRE Global Investors for an undisclosed sum.
CBRE GI, acting on behalf of its Logistics Property Fund Europe (LPFE), said it sold the industrial properties, which has around 137,888sqm of space, to certain investment funds advised by the private equity group.
Around 62.1% of the portfolio is occupied by seven tenants.
Three of the properties are located in the logistics hubs of Bondoufle, Combs-la-Ville and Marly surrounding Greater Paris. The fourth property is located in Toul, in the North East of France.
Pierre-David Baylac, the fund Manager at CBRE GI, said: “With these four asset sales we have successfully executed our 2017 disposal plan with seven assets sold last year and almost completed the exit plan for LPFE.”
Marc Antoine Bouyer, the managing director, Carlyle Europe Real Estate, said: “This acquisition represents one more step in our logistics assets investment strategy which is focused on acquiring and actively managing high-quality facilities located in several established European logistics markets.”
Carlyle intends to grow its presence in France as well as other Western European markets through additional investments in locations exhibiting attractive supply-demand fundamentals.
“These additional French assets will be integrated into Carlyle’s French logistics platform which now exceeds 415,000sqm with almost 90% of its value now concentrated around the Paris, Lyon and Marseille markets,” Bouyer said.
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