EQT Real Estate announced that its EQT Real Estate Europe Logistics Value Fund V has agreed to acquire a 14-asset pan-European logistics portfolio from Logicor for €532 million. The portfolio comprises approximately 457,000 square meters of logistics space.
The properties span eight assets in the UK, four in Germany, and two in France. All are fully leased to a diversified group of retail, e-commerce, logistics, and industrial occupiers, located in major distribution markets with access to key transport networks and population centers.
The acquisition further strengthens EQT Real Estate’s European logistics platform, adding scale across established distribution corridors and major consumption centers. The transfer of the UK assets has been completed, while completion of the German and French assets remains subject to customary closing conditions.
KEY QUOTES:
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.
Jonathan Mackie, Managing Director at EQT Real Estate
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.
Ryan Pappas, Chief Investment Officer at Logicor
