Carlyle’s Joint Venture With ARA Dunedin

In UK Bryan Cave Leighton Paisner, advised on the matter.

Bryan Cave Leighton Paisner advised Carlyle Global Partners with a team including Patrick Johnson (Picture – Corporate M&A).

Carlyle established a UK logistics joint venture platform with ARA Dunedin and financed for a £102 million acquisition by the joint venture of a portfolio of logistics assets from Moorfield Real Estate Fund IV.

The portfolio comprises 11 distribution logistics assets that total 1 million square feet in lettable area. Strategically located in the South-East and North-West regions, the portfolio is currently fully leased.

Equity for the investment came from the Carlyle Europe Realty (CER) platform, Carlyle’s pan-European real estate strategy, and ARA Dunedin. 

European logistics is a core focus for CER given the sector has proved resilient throughout the COVID-19 pandemic and continues to benefit from the growth in e-commerce resulting in higher delivery volumes.

A multidisciplinary BCLP team advised Carlyle and the joint venture on the transaction led by Partners Patrick Johnson (Picture – M&A and corporate finance) and Claire Watson (real estate finance) and included: Laura Jackson and Cecilie Sorvig (M&A and corporate finance), and Emma Roberts, Samer Ashur and Hannah Guest (real estate finance).

Involved fees earner: Samer Ashur – Bryan Cave Leighton Paisner; Patrick Johnson – Bryan Cave Leighton Paisner; Emma Roberts – Bryan Cave Leighton Paisner;

Law Firms: Bryan Cave Leighton Paisner;

Clients: Carlyle Global Partners;

Author: Giulia Di Palma