Through its Eqt Exeter Logistics Value Fund IV, Eqt Real Estate revealed the acquisition of a high-quality logistics portfolio strategically located in Northern Italy, specifically in the regions between Milan and Verona. The transaction, valued at approximately €230 million, was carried out via an Italian REIF structure managed by Kryalos Sgr. This move marks a significant step for Eqt in solidifying its presence in the Italian logistics market, which is considered one of the most dynamic and attractive in Europe.
The portfolio comprises twelve premium logistics assets covering a total of 265,000 square metres, all fully leased. These properties, with an average age of ten years, boast Class A technical specifications, including an average clear height of eleven metres and spacious loading and manoeuvring areas. Positioned near major motorways such as the A1, A4, and A22, the assets ensure swift access to key distribution centres and serve a combined population of over twelve million residents. The portfolio presents opportunities for growth and value creation, supported by a weighted average lease term of 4.3 years and a diversified tenant mix of global operators.
With this acquisition, Eqt Real Estate strengthens its foothold in a market defined by high demand and limited availability of high-quality logistics properties. This transaction particularly reinforces Eqt’s position in the Milan metropolitan area, recognised as a critical hub for European logistics, and facilitates the implementation of a local, value-oriented operational approach.
John Toukatly, Partner and Chief Investment Officer for European Logistics at Eqt Real Estate, stated: “Strategically located in supply-contrained 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 of Kryalos Sgr, added: "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 is part of Eqt, one of the leading global investment organisations, managing €246 billion in total assets, of which €134 billion are fee-generating. In the real estate segment, the organisation owns and manages over 2,000 properties worldwide. Kryalos Sgr, with €13.8 billion in assets under management and a team of 125 professionals, is one of the key players in the Italian real estate market. The company provides fund management, real estate development, and advisory services, collaborating with both Italian and international leaders.
