EQT Exeter Acquires UK Logistics Assets from M&G Real Estate

EQT Exeter, a renowned global real estate investment manager, has completed the acquisition of two strategically located logistics properties in the UK, jointly measuring approximately 650,000 square feet. These acquisitions are situated in Milton Keynes and Dartford, two pivotal distribution hubs in the UK, and were purchased from M&G Real Estate for over GBP 100 million. The Milton Keynes facility, encompassing 320,000 square feet, is leased to DS Smith Corrugated Packaging, while the Dartford facility spans 334,000 square feet, fully leased to Asda Stores. This investment underscores EQT Exeter's commitment to high-demand logistics sectors boosted by the surge in e-commerce and evolving supply chain dynamics. It aligns with their value-add strategy, focusing on lease-up initiatives, sustainability improvements, and energy efficiency to enhance property value and meet future regulatory demands. EQT Exeter was guided in this transaction by a consortium of advisors, including ACRE Capital Real Estate, Charles Russell Speechlys, Epsilon Environmental, and Black Cat Consultancy. The acquisition reaffirms EQT Exeter's focus on securing high-quality assets that cater to strong occupier demand, thereby promising long-term value for its stakeholders.