EQT Exeter Expands UK Logistics Portfolio with Strategic Acquisitions in Milton Keynes and Dartford

EQT Exeter Expands UK Logistics Portfolio with Strategic Acquisitions in Milton Keynes and Dartford

(IN BRIEF) EQT Exeter has acquired two prime logistics properties in Milton Keynes and Dartford from M&G Real Estate for over GBP 100 million. The Milton Keynes site, spanning 320,000 square feet, is leased to DS Smith Corrugated Packaging, while the 334,000-square-foot Dartford property is occupied by Asda Stores. These strategically located assets enhance EQT Exeter’s portfolio in high-demand UK logistics markets, supporting regional distribution driven by e-commerce growth. The acquisitions align with the company’s value-add strategy, focusing on sustainability enhancements and energy efficiency upgrades to future-proof the properties and deliver long-term value.

(PRESS RELEASE) LONDON, 14-Dec-2024 — /EuropaWire/ — EQT Exeter, a global leader in real estate investment management, has announced the acquisition of two prime logistics properties located in Milton Keynes and Dartford from M&G Real Estate. The transaction, valued at over GBP 100 million, underscores EQT Exeter’s commitment to investing in high-demand logistics markets driven by the growth of e-commerce and evolving supply chain needs.

The Milton Keynes property spans 320,000 square feet and is fully leased to DS Smith Corrugated Packaging, while the Dartford asset encompasses 334,000 square feet, fully occupied by Asda Stores. Both assets are strategically positioned near key transportation hubs, playing an essential role in regional distribution operations.

These acquisitions align with EQT Exeter’s value-add investment strategy, which focuses on optimizing property performance through sustainability enhancements and energy efficiency upgrades. By future-proofing these assets, EQT Exeter aims to meet evolving regulatory standards and support long-term environmental goals.

Jonathan Mackie, Director of UK Acquisitions and Leasing at EQT Exeter, highlighted the importance of these additions to the company’s portfolio. “These strategically located logistics properties strengthen our foothold in critical UK submarkets. With our operational expertise and focus on sustainability, we aim to unlock their full potential, meeting the demands of both occupiers and investors.”

EQT Exeter was advised on the transaction by ACRE Capital Real Estate, Charles Russell Speechlys, Epsilon Environmental, and Black Cat Consultancy. This acquisition further exemplifies EQT Exeter’s strategy of acquiring, developing, and managing logistics properties that drive value for stakeholders while addressing the growing demand for sustainable and efficient real estate solutions.

About EQT Exeter
EQT Exeter is a global real estate investment manager with over $30 billion of equity under management. EQT Exeter acquires, develops, leases, and manages logistics/industrial, office, life science and residential properties in Europe, the Americas and Asia. With over 450 experienced professionals operating in more than 50 offices globally, EQT Exeter owns and operates over 2,000 properties and 375 million square feet. EQT Exeter’s track record comprises over $45 billion in total property gross asset value since inception, spanning over 450 million square feet globally. EQT Exeter is the real estate division of EQT AB, a purpose-driven global investment organization.

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SOURCE: EQT