EQT Exeter to acquire more than 1m sqft of prime logistics assets in California

EQT Exeter’s Value Fund VI has acquired two state-of-the-art bulk distribution buildings in the heart of the US’s Napa Valley’s Wine Country.

EQT Exeter said the deal reflected its “commitment to acquiring and enhancing high-calibre industrial buildings in top-tier logistics hubs”.

Spanning over 1m sqft, the properties combine best-in-class building specifications with a premier location, with connectivity to the major metros of San Francisco, Sacramento, and San Jose, as well as the entirety of the western US. Purposefully designed to support Northern California’s thriving food and beverage industry, these bulk distribution properties offer close proximity to the region’s consumer base and production hubs, and feature advanced building and site designs that accommodate both traditional logistics users and specialised operators.

The buildings are currently home to a leading food and beverage operator occupying 337,000sqft on a lease of more than 10 years.

“EQT Exeter is committed to delivering spaces that not only meet the complex needs of today’s industrial and logistics users, but anticipate the evolving demands and growth ambitions of a variety of tenants,” said Jeremy Hamaoui, Northern California investment and leasing officer at EQT Exeter. “This acquisition reflects our ongoing strategy of investing behind high-quality properties in attractive markets while maintaining a tenant-focused approach to asset management.”

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