EQT Real Estate Acquires Italian Logistics Portfolio for EUR230 Million

EQT Real Estate, a global investment company, has announced its acquisition of a high-quality logistics portfolio in Northern Italy for approximately EUR230 million. The portfolio comprises 12 fully let logistics assets totaling 265,000 square meters, strategically located in the key submarkets of Milan and Verona. This acquisition strengthens EQT Real Estate's presence in the growing Italian logistics market and offers significant rental growth potential and value creation opportunities.

The assets in the portfolio are situated in supply-constrained markets, offering proximate access to core distribution locations via key motorways, including the A1, A4, and A22. This strategic location appeals to a broad array of prominent big box occupiers and aligns with EQT Real Estate's focus on acquiring highly reversionary, modern logistics assets in underserved European markets. The properties have an average building age of ten years and feature Grade A technical specifications, including eaves heights averaging 11 meters, as well as ample loading and maneuvering features. The assemblage also benefits from a strong, globally diversified tenant base, making it well-suited to meet the growing needs of today's modern logistics users, both in Italy and around the globe.

The transaction strengthens EQT Real Estate's exposure to the growing Italian logistics market, which continues to experience strong demand among key European submarkets. The acquisition further consolidates EQT Real Estate's presence in the Greater Milan area, creating a significant opportunity to deploy its differentiated and hyper-local approach to value creation and benefit from future rental growth potential. John Toukatly, Partner, Chief Investment Officer, European Logistics at EQT Real Estate, stated, "We are thrilled to incorporate this high-quality logistics portfolio into our fund. Strategically located in supply-constrained markets, these assets appeal to a broad array of prominent big box occupiers, and aligns well with EQT Real Estate's focus on acquiring highly reversionary, modern logistics assets in underserved European markets. By leveraging EQT Real Estate's operational and asset management expertise, we aim to unlock additional value from these properties in our effort to exceed our investors' expectations."

Paolo Bottelli, Founder and CEO at Kryalos SGR, said, "This transaction underscores the strength and liquidity of the Italian logistics real estate market, which continues to attract investors looking to establish or grow their presence in this rapidly expanding sector. We are pleased to work with EQT to support the execution of their investment strategy in Italy. Kryalos will manage the assets involved with the utmost professionalism, seeking to ensure their long-term value creation and leveraging our deep expertise in the logistics market."

EQT Real Estate will acquire the assets via an Italian REIF structure managed by Kryalos SGR S.p.A. This acquisition aligns with EQT Real Estate's long-term strategy and investment objectives, particularly in the context of the growing Italian logistics market. By leveraging its operational and asset management expertise, EQT Real Estate aims to unlock additional value from these properties and maximize returns for its investors.



In conclusion, EQT Real Estate's acquisition of the Italian logistics portfolio for EUR230 million is a strategic move that aligns with the company's long-term investment objectives. The portfolio's strategic location, modern assets, strong tenant base, and rental growth potential make it an attractive investment opportunity in the growing Italian logistics market. By leveraging its operational and asset management expertise, EQT Real Estate aims to unlock additional value from these properties and maximize returns for its investors.