EQT Exeter is reportedly close to sealing the acquisition of a portfolio of logistics properties in Spain worth some €300 mln.
According to Spanish press reports, the package consists of four assets encompassing 300,000 m2 of logistics space. Located in Madrid and the nearby town of Guadalajara, the properties are occupied by C&A; Primark, Cortefiel and Leroy Merlin.
The vendor is Blackstone’s logistics platform Logicor.
In December last year, EQT Exeter closed one of the largest European industrial real estate transactions ever with the sale of a €3 bn logistics portfolio on behalf of its private real estate fund, EQT Exeter European Value Venture III.
Although the buyer was not disclosed, it is understood to be Singaporean sovereign wealth fund GIC.
