EQT Real Estate has acquired a logistics portfolio comprising four Grade A properties located in northern Italy, strengthening its presence in one of Europe’s most attractive and supply-constrained markets. The transaction, with a total value of around €100 million, was completed through Kryalos Sgr, which acquired the assets on behalf of a fund backed by EQT. The sale was advised by Dils, acting for DeA Capital Real Estate Sgr, which owned the portfolio through funds participated by Bgo.
The portfolio has a total surface area of approximately 107,000 square metres and includes four next-generation logistics facilities located in Landriano, in the province of Pavia, Verona, Oppeano in the province of Verona, and Reggio Emilia. The properties are positioned along the country’s main motorway corridors, the A1, A4 and A22, within the so-called logistics Golden Triangle linking Milan, Verona and Bologna. This area concentrates a significant share of national industrial and distribution demand, including activities serving e-commerce.
The buildings are fully let to tenants of primary standing operating across diversified sectors, from the food supply chain to fashion, helping to ensure stable, long-term income prospects. The assets feature institutional-grade technical specifications and have been developed in line with the latest construction and environmental standards. Three of the four buildings are LEED Gold certified.
According to EQT, the transaction was carried out by the EQT Exeter Europe Logistics Core-Plus Fund II and is consistent with its investment strategy focused on modern logistics assets with strong revaluation potential and opportunities for value creation through active management and sustainability initiatives. The portfolio also benefits from a catchment area of more than 20 million inhabitants, thanks to its proximity to the main urban and industrial hubs of northern Italy. During the process, EQT Real Estate was advised by Legance on tax and legal matters, by Howden on insurance coverage, and by Arcadis on technical due diligence.
The acquisition comes amid strong interest in the logistics sector. According to an analysis by the Dils Research Team on real estate investment in Italy, in 2025 the sector recorded investment volumes of around €2.2 billion, confirming its position as one of the most dynamic asset classes in the market. Demand continues to be supported by the need for efficient, well-located space that meets environmental requirements, against a backdrop of limited availability of high-quality product.
