Palmira and Nuveen Real Estate sell logistics property portfolio to Carlyle Group

Palmira Capital Partners (Palmira), one of the leading European investors and asset managers of logistics and corporate property, in association with its partner Nuveen Real Estate, has sold three logistics properties. The purchaser is the Carlyle Group. The parties have agreed not to disclose the purchase price.

The assets are in the Hanover, Munich and Ulm conurbations. The portfolio, which has a total area of 51,800 square metres, is fully let.

Palmira was advised on the legal issues of the sale by Colliers and commercial law firm Graf von Westphalen. Drees & Sommer acted as consultant on technical details. EY dealt with taxation aspects, while Nova-Ambiente was responsible for environmentally related matters.

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