Paris – Global investment firm The Carlyle Group (NASDAQ: CG) and Othrys Asset Management today announced they have finalised the joint acquisition of the Canyon portfolio from Ceetrus. Equity for the investment came from Carlyle Europe Realty (CER), a fund which makes investments in real estate and real estate related assets and companies.
The portfolio, mainly composed of shopping malls or co-owned lots adjacent to Auchan hypermarkets, includes malls at Nancy Laxou, Châtellerault, Domérat, Mers-les-Bains and the Dieppe retail park.
With this transaction, Carlyle continues to strengthen its presence in France and this acquisition represents a new strategy focused in particular on the acquisition and active management of local shopping malls, focusing on a range of convenience services and products.
Carlyle was advised by DLA Piper, Wargny Katz and Darrois Villey Maillot Brochier.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with $216 billion of assets under management across 343 investment vehicles as of December 31, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,650 people in 31 offices across six continents.
About Carlyle Europe Realty
Carlyle Europe Realty (CER) is focuses on investments in a thematic and targeted way in real estate and real estate related assets and companies primarily in the United Kingdom, France and Germany, as well as Belgium, Denmark, Finland, Ireland, Italy, Luxembourg, Norway, Portugal, Spain, Sweden and the Netherlands pursuing an opportunistic investment and management strategy. The CER investment team is led by European real estate veteran Peter Stoll and a senior team that averages over 17 years of European principal investing experience. The CER investment team has an on-the-ground presence in key locations in the United Kingdom, France and Germany and a pan-European investment team based in London, as well as benefitting from the global resources of Carlyle.
Established in 1976, Ceetrus is a global real-estate actor known as Immochan until June 2018. Ceetrus operates a transformation since 2016 to become a global real-estate development company. With 295 shopping centres worldwide and thanks to strong partnerships within citizens and territories, Ceetrus builds animating places integrating commerce, housing, offices and urban infrastructures. By creating sustainable, smart and lively places, Ceetrus’ statement is to build or enhance a real human link between people to make tomorrow’s city. Its fields of expertise are from development, promotion, investment, site administration to innovation.
Key figures : 10 countries, 295 shopping centres, 10 700 trade partnerships, 39 000m² of housing & 89 000 m² of office in 2018, 900 employees.
Steele &Holt for The Carlyle Group
Daphné Claude & Dominic Riding
Email : email@example.com
Téléphone : +33 (0)6 66 58 58 81 92 / +33 (0)6 57 48 83 24
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