Asian Sovereign Wealth Fund Buys Massive $6.8 Logistics Portfolio from EQT Exeter

Posted on 11/03/2021

EQT Exeter sold a 70.5 million square foot portfolio sale on behalf of its private real estate funds, EQT Exeter Industrial Value Fund IV and related investment vehicles, for US$ 6.8 billion. The portfolio is comprised primarily of logistics properties that serve the supply chains of major corporations, including facilities for “big box” regional distribution, e-commerce fulfilment, and last mile distribution. The 328-property portfolio spans distribution hubs of New York, Dallas, Atlanta, Chicago, and Los Angeles and the key e-commerce and air cargo hubs of Memphis, Indianapolis, Columbus, and Louisville.

The portfolio was marketed for sale to global institutional buyers who have grown accustomed to EQT Exeter providing the marketplace with the most modern, sustainable, diversified, and high-quality portfolios that provide stable cash flow from a strong credit tenant base. The buyer is group is likely led by Singapore’s GIC Private Limited, according to SWFI research.

EQT Exeter, with its unique operating capabilities in the industry, will continue to lease, property manage, and asset manage the portfolio.

Fried, Frank, Harris, Shriver & Jacobson LLP advised EQT Exeter, and Eastdil Secured LLC served as the procuring broker in this transaction.

Keywords: EQT AB, Exeter Property Group.

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