EQT Real Estate has acquired a 14-asset pan-European logistics portfolio from Logicor for €532m on behaplf of its EQT Real Estate Europe Logistics Value Fund V.
The portfolio comprises approximately 457,000sqm of logistics space across eight assets in the UK, four in Germany and two in France. The properties are fully leased to a range of retail, e-commerce, logistics and industrial occupiers and are located in major distribution markets with access to key transport networks and population centres.
Jonathan Mackie, managing director at EQT Real Estate, said: “European logistics remains one of our highest-conviction sectors, underpinned by sustained occupier demand for well-located, high-quality assets. We’re delighted to further expand our presence through this acquisition from Logicor, adding a diversified portfolio of high-quality properties and creating a strong platform for long-term growth.”
Ryan Pappas, chief investment officer at Logicor, said: “We are particularly pleased to have agreed another transaction with EQT, a highly respected and professional partner, reflecting the continued appeal of best-in-class logistics assets and the strength of long-term relationships in our sector.”
The transfer of UK assets has been completed, while completion of the German and French assets remains subject to customary closing conditions.
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