- One of the largest European industrial real estate transactions ever, the portfolio consists of 132 high-quality, modern logistics properties totalling 2.2 million square metres, assembled through 102 transactions
- During EQT Exeter's ownership, the team executed 79 lease events, generating
EUR 70.2 million in rental income; EQT Exeter will continue to lease, property manage, and asset manage the portfolio
- The deal, which marks EQT Exeter's fifth multi-billion sale, continues its record as the leading logistics investment manager and landlord globally
EQT Exeter is pleased to announce it has closed a
With 16 European offices, EQT Exeter mobilized its deep local market knowledge and expansive industry relationships to assemble the portfolio through 102 transactions executed over three years. These investments were made on behalf of logistics value fund investors who sought value growth through development and leasing activities. With its unique vertical integration, including highly localized, fully in-house execution of design, development, and leasing, EQT Exeter: developed 762,000 square metres of the portfolio; leased 715,000 square metres of vacancy; and signed 205,000 square metres in renewals during the fund's ownership period.
In line with EQT Exeter's commitment to creating sustainable, future-proofed assets for its tenants, the 762,000 square metres of newly constructed properties will be environmentally accredited and are equipped with the newest renewable design features in the industry. As part of the reletting of existing space, EQT Exeter has taken several steps to reduce environmental impact and improve energy performance, including installing LED lighting and reflective roof materials, improving natural light features, and introducing sustainable urban drainage via stormwater retention schemes and pervious parking features.
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT Exeter
EQT Exeter is a global real estate solutions provider serving corporate and consumer tenants with scope and scale. EQT Exeter is among the largest real estate investment managers in the world and is focused on acquiring, developing and managing logistics/industrial, office, life science and residential properties in
The EQT Exeter Team comprises 330 experienced professionals operating in close to 40 regional offices around the globe. Collectively, they have consummated over 830 real estate investments. As part of EQT, the team has access to the full EQT Network including more than 600 industry advisors across the globe as well as the EQT's industry-leading sustainability credentials and framework, and in-house digitalization skills.
About EQT
EQT is a purpose-driven global investment organization with more than
More info:www.eqtgroup.com
Follow EQT onLinkedIn,Twitter,YouTube andInstagram
https://news.cision.com/eqt/r/eqt-exeter-completes-eur-3-0-billion-logistics-portfolio-sale---among-the-largest-in-european-histor,c3477109
https://mb.cision.com/Main/87/3477109/1513591.pdf
https://news.cision.com/eqt/i/eqt-exeter,c2995454
(c) 2021 Cision. All rights reserved., source