EQT Real Estate Acquires Prime Logistics Portfolio in Milan and Verona for EUR 230 Million

EQT Real Estate Acquires Prime Logistics Portfolio in Milan and Verona for EUR 230 Million

(IN BRIEF) EQT Real Estate has acquired a high-quality logistics portfolio of 12 fully-let properties in Milan and Verona for approximately EUR 230 million. The 265,000-square-meter portfolio is strategically located near key motorways, providing prime access to major distribution hubs. These assets feature modern Grade A specifications and serve the growing demand from logistics users globally. The acquisition strengthens EQT’s position in the Italian logistics market, particularly in the Greater Milan area, where it aims to capitalize on rental growth and create value through its local expertise. Kryalos SGR will manage the properties and focus on long-term value creation.

(PRESS RELEASE) STOCKHOLM, 27-Jan-2025 — /EuropaWire/ — EQT Exeter Logistics Value Fund IV (“EQT Real Estate”) has announced the acquisition of a high-quality portfolio comprising 12 fully-let logistics properties located in the strategic Northern Italian submarkets of Milan and Verona. This collection of assets, valued at approximately EUR 230 million, spans 265,000 square meters and will be acquired via an Italian REIF structure managed by Kryalos SGR S.p.A.

The portfolio, with an average building age of 10 years, includes state-of-the-art logistics facilities featuring Grade A technical specifications, such as eaves heights averaging 11 meters, and robust loading and maneuvering capabilities. Located near key motorways including the A1, A4, and A22, these assets provide easy access to major distribution hubs and reach a population of more than 12 million people. The properties are well-positioned to serve the growing demand of modern logistics users both within Italy and globally.

The acquisition significantly increases EQT Real Estate’s footprint in the Italian logistics market, a sector that continues to show strong growth and demand across key European submarkets. By securing a prime presence in the Greater Milan area, EQT Real Estate aims to leverage its local expertise to maximize the potential for rental growth and value creation within the region.

John Toukatly, Partner and Chief Investment Officer of European Logistics at EQT Real Estate, commented, “We are excited to add these prime logistics assets to our portfolio. Strategically located in supply-constrained markets, they are well-suited to meet the needs of top-tier logistics tenants. This acquisition aligns with our strategy to target high-quality, modern logistics assets in underserved European markets. We look forward to unlocking additional value through operational improvements and asset management.”

Paolo Bottelli, Founder and CEO of Kryalos SGR, added, “This transaction highlights the strength and liquidity of the Italian logistics market, which continues to attract investors seeking exposure to this rapidly growing sector. We are delighted to support EQT in executing their investment strategy in Italy, and we will manage the assets with a focus on long-term value creation, leveraging our deep expertise in the logistics market.”

Contact
EQT Press Office, press@eqtpartners.com
Kryalos Press Office, Barabino & Partners, Claudio Cosetti, c.cosetti@barabino.it

About EQT Real Estate
EQT is a purpose-driven global investment organization with EUR 246 billion in total assets under management (EUR 134 billion in fee-generating assets under management), divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate owns and operates over 2,000 properties and 400 million square feet, with over 440 experienced professionals across 50 locations globally.

About Kryalos
With €13.8 billion of AuM and a team of 125 professionals, Kryalos is one of the most active players in the Italian real estate market. The company offers transaction management, real estate and credit fund management, development and advisory services and is a partner of Italian and international leaders. Further information on www.kryalossgr.com

SOURCE: EQT AB