EQT Real Estate Expands Northern Italian Logistics Portfolio with 12-Building Acquisition

5a3bc6dfa2b3524f47068b48e43bb9f7 1 EQT Real Estate acquires 12-building logistics assemblage located in key Northern Italian submarkets
  • This acquisition involves a portfolio of twelve high-quality, fully leased logistics properties, totaling 265,000 square meters.
  • The portfolio boasts a weighted average lease term of 4.3 years, presenting substantial rental growth potential and opportunities for value enhancement.
  • This transaction significantly expands EQT Real Estate’s presence in one of Europe’s most attractive logistics markets, adding high-quality warehouses suited for modern logistics operations to their holdings.

STOCKHOLM, Jan. 27, 2025 — EQT announces that EQT Exeter Logistics Value Fund IV (“EQT Real Estate”) has agreed to purchase a prime logistics portfolio strategically located in the key Northern Italian markets of Milan and Verona, for approximately EUR 230 million. The assets will be acquired through an Italian REIF structure managed by Kryalos SGR S.p.A.

These assets offer convenient access to major distribution hubs via key motorways (A1, A4, and A22), serving major population centers and over 12 million residents.

The properties have an average age of ten years and feature Grade A specifications, including 11-meter average eaves heights, and ample loading and maneuvering space. The portfolio also benefits from a strong, globally diversified tenant base, well-positioned to meet the evolving needs of modern logistics users worldwide.

This acquisition strengthens EQT Real Estate’s position in the expanding Italian logistics market, which continues to see robust demand. The purchase further consolidates EQT Real Estate’s presence in the Greater Milan area, providing a significant platform to implement its specialized, local approach to value creation and capitalize on future rental growth.

John Toukatly, Partner, Chief Investment Officer, European Logistics at EQT Real Estate, commented: “We are delighted to add this high-quality logistics portfolio to our fund. Strategically located in supply-constrained markets, these assets are attractive to a wide range of major occupiers, aligning with EQT Real Estate’s focus on acquiring modern, high-return logistics assets in underserved European markets. Leveraging EQT Real Estate’s operational and asset management expertise, we aim to unlock additional value from these properties and surpass our investors’ expectations.”

Paolo Bottelli, Founder and CEO at Kryalos SGR, stated: “This transaction highlights the strength and liquidity of the Italian logistics real estate market, which continues to draw investors seeking to establish or expand their presence in this rapidly growing sector. We are pleased to collaborate with EQT in supporting their investment strategy in Italy. Kryalos will manage these assets with the highest professionalism, focusing on long-term value creation and utilizing our extensive logistics market expertise.”

Contact

EQT Press Office,  

Kryalos Press Office, Barabino & Partners, Claudio Cosetti,  

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The following files are available for download:

Press Release, EELVFIV, Italian Assemblage, 240127

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