EQT Real Estate has acquired a logistics portfolio of four assets in Italy.
The fund manager’s EQT Exeter Europe Logistics Core-Plus Fund II fund has acquired the fully-let 107,712sqm portfolio of logistics assets located in the Northern Italian submarkets of Milan, Bologna and Verona through a fund managed by Kryalos SGR.
Financial details were undisclosed.
Greg Vinson, partner at EQT Real Estate, said: “The transaction fits perfectly within our core-plus strategy’s objective to acquire highly reversionary, modern logistics assets that offer long-term lease stability, stable income and significant value creation opportunities.
“As the Italian logistics market remains resilient, driven by demand for Grade A and sustainability-compliant warehouses, we are thrilled to be expanding our exposure and further drive value in the properties that are well-connected to some of Italy’s fastest-growing cities”.
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