Aldar Properties invests in logistics assets in Europe

Abu Dhabi-based Aldar Properties PJSC has invested 407 million Dirhams in logistics and storage assets in Europe through a partnership with global investment firm Carlyle, as it pursues its global expansion plans, Talal Al Dhiyebi, CEO, Aldar, said.

“Aldar will make a commitment to the Carlyle Europe Realty platform, the company’s pan-European real estate strategy, alongside a majority stake in a co-investment platform, which includes an income-producing portfolio of 14 warehouses located across key logistics hubs in the UK on the Abu Dhabi Securities Exchange, Dhiyebi said. The portfolio, managed by Carlyle, comprises 900,000 sq. ft. of gross leasable area (GLA), Aldar stated.