EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

• Transaction (JO:) includes a horny assortment of 12 high-quality, totally let logistics belongings totaling 265,000 sq. meters
• Portfolio incorporates a weighted common lease time period of 4.3 years with important rental progress potential and worth creation alternatives
• With the shut of this transaction, EQT (ST:) will meaningfully improve its publicity to one of the crucial enticing occupational markets in Europe, proudly owning and working high-quality warehouses match for in the present day’s fashionable logistics customers

STOCKHOLM, Jan. 27, 2025 /PRNewswire/ — EQT is happy to announce that the EQT Exeter Logistics Worth Fund IV (“EQT Real Estate“) has entered into an settlement to accumulate a best-in-class logistics assemblage strategically positioned in the important thing Northern Italian submarkets of Milan and Verona, for roughly EUR 230 million. The belongings can be acquired by way of an Italian REIF construction managed by Kryalos SGR S.p.A.

The belongings supply proximate entry to core distribution places by way of key motorways, together with the A1, A4 and A22, reaching main inhabitants facilities and greater than 12 million inhabitants.

The properties maintain a median constructing age of ten years and have Grade A technical specs, together with eaves heights averaging 11 metres, in addition to ample loading and maneuvering options. The assemblage additionally advantages from a powerful, globally diversified tenant base and is well-suited to satisfy the rising wants of in the present day’s fashionable logistics customers, each in Italy and across the globe.

The transaction strengthens EQT Real Estate’s publicity to the rising Italian logistics market, which continues to expertise sturdy demand amongst key European submarkets. The acquisition additional consolidates EQT Real Estate’s presence within the Higher Milan space, creating a major alternative to deploy its differentiated and hyper-local strategy to worth creation, and profit from future rental progress potential.

John Toukatly, Companion, Chief Funding Officer, European Logistics at EQT Real Estate, stated: “We are thrilled to incorporate this high-quality logistics portfolio into our fund. Strategically located in supply-constrained markets, these assets appeal to a broad array of prominent big box occupiers, and aligns well with EQT Real Estate’s focus on acquiring highly reversionary, modern logistics assets in underserved European markets. By leveraging EQT Real Estate’s operational and asset management expertise, we aim to unlock additional value from these properties in our effort to exceed our investors’ expectations.”

Paolo Bottelli, Founder and CEO at Kryalos SGR, stated: “This transaction underscores the strength and liquidity of the Italian logistics real estate market, which continues to attract investors looking to establish or grow their presence in this rapidly expanding sector. We are pleased to work with EQT to support the execution of their investment strategy in Italy. Kryalos will manage the assets involved with the utmost professionalism, seeking to ensure their long-term value creation and leveraging our deep expertise in the logistics market.”

Contact

EQT Press Workplace, [email protected]  

Kryalos Press Workplace, Barabino & Companions, Claudio Cosetti, [email protected]  

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