EQT Real Estate has agreed to acquire a pan-European logistics portfolio from Logicor for EUR 532 million. The transaction includes 14 logistics properties with a total area of approximately 457,000 square metres. The acquisition is being made through the EQT Real Estate Europe Logistics Value Fund V, which strategically complements the existing portfolio.
The acquired portfolio is spread across three European countries. Eight of the properties are located in the United Kingdom, four in Germany, and two in France. These properties are situated in significant logistics regions and benefit from connections to essential transport networks and urban centres. All properties are fully let. The tenant base is diversified and includes companies from the retail, e-commerce, logistics, and industrial sectors, ensuring broad risk diversification.
Jonathan Mackie, Managing Director at EQT Real Estate, stated that the European logistics sector continues to be one of the company's core investment areas. He emphasised that this is due to constant tenant demand for high-quality properties in prime locations. Mackie saw the acquisition as an opportunity to strengthen the company's presence, expand the portfolio with high-quality properties, and create a stable basis for long-term growth.
Ryan Pappas, Chief Investment Officer at Logicor, commented on the transaction as a confirmation of the attractiveness of prime logistics real estate. He highlighted the importance of long-standing business relationships within the sector. The transaction with EQT underscores the ongoing relevance of the asset class and the importance of established partnerships.
The transfer of the properties located in the United Kingdom has already been completed. For the locations in Germany and France, the closing of the transaction remains subject to customary closing conditions. This staggered process is typical for transactions of this magnitude and takes into account the respective legal frameworks of the jurisdictions involved.
