EQT Real Estate has acquired a portfolio of four logistics assets in Northern Italy through its EQT Exeter Europe Logistics Core-Plus Fund II.

The portfolio comprises approximately 107,700 sq m of modern, fully let logistics space located in the key submarkets of Milan, Bologna and Verona. The assets will be acquired by Kryalos SGR on behalf of EQT Real Estate and are occupied by a diversified tenant base.

The properties benefit from strong transport connectivity, with access to major motorway corridors including the A1, A4 and A22, providing efficient links to key distribution hubs and major population centres serving more than 20 million people.

The acquisition strengthens EQT Real Estate’s exposure to the Italian logistics sector, which continues to be supported by favourable supply-demand dynamics and long-term structural trends. EQT said the investment reflects its confidence in the sector’s long-term growth potential and its strategy of generating value through active asset management and sustainability-focused initiatives.

Greg Vinson, Partner at EQT Real Estate, said: “The transaction fits perfectly within our Core Plus strategy’s objective to acquire highly reversionary, modern logistics assets that offer long-term lease stability, stable income and significant value creation opportunities. As the Italian logistics market remains resilient, driven by demand for Grade A and sustainability-compliant warehouses, we are thrilled to be expanding our exposure and further drive value in the Properties that are well-connected to some of Italy’s fastest-growing cities”.

EQT Real Estate was advised on the transaction by Legance on tax and legal matters, Howden on insurance, and Arcadis on technical due diligence.