Key Takeaways
- • Starwood Capital Group acquired the Helix portfolio—12 logistics properties across Germany—from Nuveen and Palmira Capital for approximately €350 million in a transaction closed on January 21, 2026.
- • Latham & Watkins' Munich-based private equity real estate team, led by partner Carsten Loll, provided full transaction advisory including equity structuring and financing arrangements for the acquisition.
- • The deal represents a significant institutional logistics real estate consolidation, with Nuveen (the global investment manager arm of Dimensional Fund Advisors) divesting a targeted portfolio to Starwood, a leading alternative asset manager focused on real estate and infrastructure.
- • The transaction demonstrates continued appetite among top-tier alternative investment firms for European logistics assets, particularly in the German market, which remains a cornerstone of continental supply chain infrastructure.
Summary
Starwood Capital Group has completed the acquisition of the Helix portfolio, a 12-property logistics real estate portfolio located in Germany, for approximately €350 million from joint sellers Nuveen and Palmira Capital Partners. The transaction closed on January 21, 2026, and was facilitated by law firm Latham & Watkins, which advised Starwood's controlled acquisition affiliates throughout the process.
The deal represents a strategic portfolio shift for both selling parties. Nuveen, the global institutional investment manager, and Palmira Capital, a European real estate investor and asset manager, divested the German Logistics Fund assets to Starwood Capital, a leading private investment firm with substantial experience in real estate and alternative asset management. The Helix portfolio comprises core logistics and industrial properties positioned to benefit from continued European supply chain demand.
Latham & Watkins assembled a dedicated transaction team led by Munich partner Carsten Loll, with support from associate Sebastian von Hornung, counsel Sven Nickel, and associate Henriette Hosemann. The firm's finance specialists, including associates Anna-Maria Kuckerz and Verena Birke, provided guidance on debt structuring and capitalization matters. The Munich-based team's involvement underscores the transaction's German market focus and Latham's established capability in European real estate and private equity work.
The acquisition reflects continued institutional capital flows into European logistics real estate, particularly within Germany's logistics corridor. For Starwood Capital, the portfolio addition strengthens its European real estate holdings amid sustained demand for modern, well-located logistics facilities. The transaction size of €350 million positions the Helix portfolio as a meaningful addition to the firm's real estate strategy but remains consistent with mid-market institutional logistics real estate deployment observed across the sector in early 2026.
The deal represents a strategic portfolio shift for both selling parties. Nuveen, the global institutional investment manager, and Palmira Capital, a European real estate investor and asset manager, divested the German Logistics Fund assets to Starwood Capital, a leading private investment firm with substantial experience in real estate and alternative asset management. The Helix portfolio comprises core logistics and industrial properties positioned to benefit from continued European supply chain demand.
Latham & Watkins assembled a dedicated transaction team led by Munich partner Carsten Loll, with support from associate Sebastian von Hornung, counsel Sven Nickel, and associate Henriette Hosemann. The firm's finance specialists, including associates Anna-Maria Kuckerz and Verena Birke, provided guidance on debt structuring and capitalization matters. The Munich-based team's involvement underscores the transaction's German market focus and Latham's established capability in European real estate and private equity work.
The acquisition reflects continued institutional capital flows into European logistics real estate, particularly within Germany's logistics corridor. For Starwood Capital, the portfolio addition strengthens its European real estate holdings amid sustained demand for modern, well-located logistics facilities. The transaction size of €350 million positions the Helix portfolio as a meaningful addition to the firm's real estate strategy but remains consistent with mid-market institutional logistics real estate deployment observed across the sector in early 2026.
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