EQT Expands Italian Logistics Portfolio with Key Acquisition
Deal News | Jan 27, 2025 | EQT
EQT Real Estate, through its EQT Exeter Logistics Value Fund IV, has entered into an agreement to acquire a strategically located logistics assemblage in Northern Italy, focusing on Milan and Verona. The acquisition, valued at approximately €230 million, is executed via an Italian REIF structure managed by Kryalos SGR S.p.A. This portfolio includes 12 buildings with Grade A technical specifications and is strategically positioned to benefit from Italy’s key motorways, reaching major population centers. The assets cater to modern logistics needs with significant rental growth potential and are expected to bolster EQT Real Estate’s focus on reversionary logistics assets in constrained European markets. Kryalos SGR will manage these assets, emphasizing the continued attractiveness and liquidity of the Italian logistics market. This acquisition enhances EQT’s footprint in an expanding sector, supporting its hyper-local approach to value creation.
Sectors
- Real Estate
- Logistics
Geography
- Italy – The logistics properties acquired by EQT Real Estate are located in Northern Italy, particularly around Milan and Verona.
- Europe – The transaction highlights EQT's strategic interest in the European logistics market, particularly within supply-constrained regions.
Industry
- Real Estate – The article discusses a significant real estate transaction involving logistics facilities, which are part of the real estate sector.
- Logistics – The acquisition involves logistics properties, a key focus area in the logistics industry, vital for supply chains and distribution networks.
Financials
- €230 million – The purchase price for the logistics portfolio acquired by EQT Real Estate.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT Real Estate | Bidding Company | Company | EQT Real Estate is a segment of EQT focusing on acquiring and managing logistics and residential properties globally. |
| Kryalos SGR S.p.A. | Asset Manager | Company | An Italian real estate management firm managing the REIF structure for the acquired logistics properties. |
| EQT Exeter Logistics Value Fund IV | Fund | Company | The fund through which EQT Real Estate is acquiring the logistics assemblage. |
| John Toukatly | Chief Investment Officer, European Logistics | Person | Leading EQT Real Estate's investment strategy in the logistics sector. |
| Paolo Bottelli | CEO | Person | CEO of Kryalos SGR, overseeing the management of the logistics assets. |