EQT is pleased to announce that the EQT Exeter Logistics Value Fund IV (“EQT Real Estate”) has entered into an agreement to acquire a best-in-class logistics assemblage strategically located in the key Northern Italian submarkets of Milan and Verona, for approximately € 230 million. The assets will be acquired via an Italian REIF structure managed by Kryalos SGR S.p.A.
The assets offer proximate access to core distribution locations via key motorways, including the A1, A4 and A22, reaching major population centers and more than 12 million inhabitants.
The properties hold an average building age of ten years and feature Grade A technical specifications, including eaves heights averaging 11 metres, as well as ample loading and maneuvering features. The assemblage also benefits from a strong, globally diversified tenant base and is well-suited to meet the growing needs of today’s modern logistics users, both in Italy and around the globe.
The transaction strengthens EQT Real Estate’s exposure to the growing Italian logistics market, which continues to experience strong demand among key European submarkets. The acquisition further consolidates EQT Real Estate’s presence in the Greater Milan area, creating a significant opportunity to deploy its differentiated and hyper-local approach to value creation, and benefit from future rental growth potential.
Source: eqtgroup.com on the 27th of January 2025
https://eqtgroup.com/news/eqt-real-estate-acquires-12-building-logistics-assemblage-located-in-key-northern-italian-submarkets