EQT Real Estate has announced the acquisition of a premier logistics portfolio comprising 12 buildings strategically located in Northern Italy’s key submarkets of Milan and Verona. The transaction, valued at approximately €230 million ($242 million), was executed through an Italian Real Estate Investment Fund (REIF) managed by Kryalos SGR S.p.A.
Strategic Highlights:
- Prime Locations: The assets offer immediate access to major distribution routes via key motorways, including the A1, A4, and A22, connecting to significant population centers totaling over 12 million residents.
- Modern Specifications: With an average building age of 10 years, the properties feature Class A technical specifications, such as eaves heights averaging 11 meters (36 feet), along with ample loading and maneuvering areas, catering to the demands of contemporary logistics operations.
- Diverse Tenant Base: The portfolio boasts a strong, globally diversified tenant mix, positioning it well to meet the evolving needs of modern logistics users both within Italy and internationally.
Strategic Significance:
This acquisition enhances EQT Real Estate’s footprint in the European logistics sector, aligning with its strategy to invest in high-quality assets in strategic locations. The focus on properties with modern specifications and excellent connectivity underscores EQT’s commitment to supporting efficient supply chain operations.
Conclusion:
EQT Real Estate’s €230 million investment in Northern Italy’s logistics market reflects its dedication to expanding its presence in key European hubs. The acquired portfolio’s strategic locations and modern facilities are poised to meet the growing demands of the logistics industry.
For more updates on developments in the logistics industry, stay tuned to The Logistic News.
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