Aldar Properties to co-invest with Carlyle on European real estate
$111 million investment joins the Abu Dhabi developer with the Carlyle Europe Realty platform
ABU DHABI, United Arab Emirates – Aldar Properties is continuing its foray outside the Middle East with a $111 million co-investment with private equity firm The Carlyle Group in logistics and storage assets across Europe.
Aldar will join the Carlyle Europe Realty platform, the investment firm’s pan-European real estate portfolio, as part of the deal.
Abu Dhabi’s largest listed developer, which is 25% owned by Mubadala and 26% owned by International Holding Co., also unveiled this week a $1.4 billion investment plan to develop a range of income-generating assets in Abu Dhabi.