Global real estate investment manager EQT Exeter announced on Thursday that its European Logistics Value Fund IV has entered into an exclusive agreement to acquire four logistics properties located across the cities of Munich, Nuremberg, and Frankfurt in Germany, from VIB Vermögen for an undisclosed amount.
The warehouses provide a high degree of third-party usability through the properties’ design and locations. The buildings are located in supply-constrained consumption conurbations proximate to highly sought-after production and distribution hubs. The properties are fully-leased by five tenants, and offer the potential for significant value creation through future rental growth and sustainability-focused enhancements.
The transaction aligns with EQT Exeter’s focus on acquiring high-quality assets in key European submarkets, and further strengthens its presence in the Southern German logistics market, the company said in a statement.
The transaction is expected to close in Q4 2024, subject to customary closing conditions.
