EQT Real Estate Acquires 12-Building Logistics Portfolio in Northern Italy for €230M
- Editor
- Jan 26
- 1 min read
What's Happening: EQT Real Estate has entered into an agreement to acquire a 12-building logistics portfolio in Northern Italy for approximately €230 million. The transaction involves high-quality, fully let assets totaling 265,000 square meters in the key submarkets of Milan and Verona.
The Key Moves:
The portfolio features 12 high-quality logistics assets with a total area of 265,000 square meters.
Properties have an average building age of 10 years and Grade A technical specifications.
The acquisition strengthens EQT Real Estate's presence in the growing Italian logistics market.
By The Numbers :
The transaction is valued at approximately €230 million.
The portfolio has a weighted average lease term of 4.3 years.
The assets offer access to over 12 million inhabitants in major population centers.
Key Quotes:
John Toukatly, Partner at EQT Real Estate: 'We are thrilled to incorporate this high-quality logistics portfolio into our fund.'
Toukatly: 'These assets appeal to a broad array of prominent big box occupiers, and aligns well with EQT Real Estate's focus.'
Paolo Bottelli, CEO at Kryalos SGR: 'This transaction underscores the strength and liquidity of the Italian logistics real estate market.'
The Bottom Line: This acquisition significantly expands EQT Real Estate's presence in the Italian logistics market, providing exposure to high-quality assets in strategic locations. The deal aligns with the fund's strategy of acquiring modern logistics assets in underserved European markets with potential for rental growth and value creation.
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