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.

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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.

Source: Circuit news

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