EQT Acquires 12-Building Logistics Portfolio in Northern Italy

EQT Real Estate, a division of the EQT Exeter Logistics Value Fund IV, has announced its strategic acquisition of a 12-building logistics assemblage located in the thriving Northern Italian submarkets of Milan and Verona. The acquisition, valued at approximately EUR 230 million, significantly boosts EQT's presence in one of Europe’s most promising logistics markets. This top-tier portfolio, totaling 265,000 square meters, boasts high-quality facilities with an average building age of 10 years and modern specifications that align perfectly with today’s logistics demands. The assets feature a strong, globally diversified tenant base and pose significant rental growth potential, reflected in the weighted average lease term of 4.3 years. This acquisition is managed by Italian REIF structure Kryalos SGR S.p.A., which will ensure the long-term value through professional asset management. The strategic location offers prime access to key distribution networks, enhancing EQT's ability to serve over 12 million inhabitants across major population centers via essential motorways. John Toukatly, Chief Investment Officer at EQT Real Estate, emphasized the alignment of this acquisition with the firm’s strategy to acquire appealing assets in supply-constrained markets. Meanwhile, Kryalos SGR's CEO Paolo Bottelli emphasized the attractiveness of the Italian logistics market to international investors, affirming Italy's position as a key hub in Europe's logistics sector.