A fund managed by real estate manager EQT Exeter has invested over £100m (€121m) to acquire two fully-let logistics assets in the UK from M&G Real Estate.
The EQT Exeter European Logistics Value Fund IV has bought a 320,000sqft logistics property in Milton Keynes and a 334,000sqft asset in Dartford.
“These key South East logistics hubs offer excellent access to major transportation networks, supporting critical regional distribution operations and fulfilling EQT Exeter’s focus on high-demand logistics markets fueled by robust e-commerce growth and evolving supply chain needs,” said EQT Exeter.
Jonathan Mackie, director of UK acquisitions and leasing at EQT Exeter, said: “We are excited to add these two high-quality logistics assets to our portfolio. Their strategic locations attract robust big-box occupier profiles proving the critical nature of these UK logistics submarkets.
“EQT Exeter’s operational expertise and focus on sustainability will aim to unlock further potential for these properties, ensuring they meet the evolving needs of our occupiers and investors alike.”
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