EQT Exeter has sold a €3bn logistics portfolio in a deal that represents one of the largest European industrial real estate transactions ever.

EQT Exeter said it has sold the portfolio of 132 properties on behalf of its EQT Exeter European Value Venture III fund to an unnamed buyer. 

The 2.2m sqm portfolio spans major population centres and key e-commerce and air cargo hubs across Western and Central Europe, EQT Exeter said. EQT Exeter assembled the portfolio through 102 transactions executed over three years.

“These investments were made on behalf of logistics value fund investors who sought value growth through development and leasing activities,” EQT Exeter said.

Paul Rubincam, partner and head of EQT Exeter Europe, said: “This transaction, which marks our fifth multi-billion sale, builds on EQT Exeter’s decade-long track record as the leading logistics investment manager and landlord in Europe.

“We are proud to deliver another transformational deal for EQT Exeter’s investors, and we look forward to our continued collaboration with the buyer, which has engaged us to continue managing and leasing the properties.”

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