EQT Exeter Europe Logistics Value Fund IV closes at € 2.1 billion hard cap



  • EQT Exeter Europe Logistics Value Fund IV closes at 2.1 billion euros hard cap following strong support from existing and new international leading investors
  • EQT Exeter Europe Logistics Value Fund IV will pursue a value-added strategy to acquire, develop, redevelop, lease, operate and sell large-area warehouses focused on supply chain and e-commerce, last mile and light industrial properties serving major markets across Europe
  • The Fund is the first vehicle to close following the merger of the real estate activities of EQT and Exeter Property Group, which was finalized in April 2021

STOCKHOLM, July 19, 2021 / PRNewswire / – EQT is pleased to announce that the EQT Exeter Europe Logistics Value Fund IV (the “Fund”) has completed its final closing at its cap of 2.1 billion euros in paid assets under management. Demand from existing and new investors has been exceptional, resulting in significant oversubscription of the Fund with commitments from a diverse group of high quality investors across North America, Europe, Asia and the Middle East.

The Fund will pursue a value-added strategy to acquire, develop, redevelop, lease, operate and sell large-area warehouses focused on supply chain and e-commerce, last mile and light industrial properties serving major markets in the world. through Europe. EQT Exeter used similar value-added strategies across its series of US and European logistics value-added funds which significantly outperformed the market. The logistics-focused management team of EQT Exeter has worked together for over 17 years, has an average of over 22 years of real estate industry experience and has demonstrated the ability to manage the full value chain of real estate investments logistics in many markets and through multiple cycles of growth, income, recession and recovery in the real estate market.

The Fund benefits from the “local with the locals” approach of EQT Exeter with 40 global offices (14 in Europe) and its vertically integrated team of more than 260 real estate professionals (60+ in Europe) with in-depth expertise in acquisitions, divestitures, development, construction, leasing, asset and property management, finance, legal, compliance and accounting. EQT Exeter’s local presence allows for targeted selection of submarkets and properties, favorable cost base due to single sourcing and small transactions and full ownership / control of assets. Additionally, with more than 1,200 tenant relationships around the world, the Fund will capitalize on EQT Exeter’s “tenant-centric” philosophy of customer demand, discussions with business leaders and customer information. last minute real estate business leaders and their representatives will strongly influence the Fund’s real estate investment and operating decisions. The knowledge gained from EQT Exeter’s presence in the field and frequent communications with tenants should enable the Fund to offer properties that offer the functionality and location that tenants desire the most.

Fitzgerald district, Partner and Director of EQT Exeter, commented: “I would like to thank our regular and new investors for their support of the latest flagship vehicle in EQT Exeter’s European logistics value-added fund series. The successful fundraising of EQT Exeter Europe Logistics Value Fund IV validates our proven experience of over 15 years in creating value through our premises with a vertically integrated operating model. We look forward to working with our new colleagues at EQT to continue to outperform and provide strong returns to Fund investors.

Paul Rubincam, Partner and Co-Head of the EQT Exeter Europe Consulting Team, said: “We are confident that given the strong pipeline and the ability of the team to use their rental, relationship skills tenant, development and asset management to achieve value-added results, will advise successfully on the deployment of the Fund’s capital and the achievement of its superior performance. ”

Lennart Blecher, Head of Real Estate Advisory Teams, Deputy Managing Partner and Chairman of EQT Exeter, said: “The closing of the fund marks an important milestone after the completion of the merger of the real estate businesses of EQT and Exeter. This not only represents a fundraising by Ward and the Exeter team, but also a concrete contribution to the scale-up of our real estate platform which is a crucial part of EQT’s global growth strategy. AB. EQT Exeter will work closely with the entire EQT platform through Europe and the Fund will be able to capitalize on thematic real estate investment opportunities in the market. “

EQT Exeter Europe Logistics Value Fund IV is backed by a base of highly regarded international investors, including public and corporate pension funds, sovereign wealth funds, insurance companies, global asset management companies, commercial banks, endowments, foundations and family offices.

Contact

EQT press office, [email protected], +46 8 506 55 334

About EQT

EQT is a goal-oriented global investment organization with more than 67 billion euros in assets under management in 26 active funds. EQT funds have portfolio companies in Europe, Asia Pacific and the Americas with total sales of around 29 billion euros and over 175,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More information: www.eqtgroup.com

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About EQT Exeter

EQT Exeter was formed by the combination of the real estate businesses of EQT and Exeter Property Group in 2021. EQT Exeter is one of the largest real estate investment managers in the world, focused on acquisition, development and logistics / industrial, office, life sciences and residential management. Properties. EQT Exeter applies a thematic investment strategy and a value creation approach. With nearly 40 regional offices and more than 260 professionals across the Americas, Europe and Asia, EQT Exeter combines local execution with global reach to deliver premium real estate solutions to tenants while providing investors with some of the industry’s largest and most consistent returns through value-added and core-plus strategies.

More information: www.exeterpg.com

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