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EQT Exeter, a subsidiary of Swedish private equity firm EQT AB, has acquired two logistics properties in southern England for over £100 million ($126 million), the company announced. Charles Russell Speechlys provided legal counsel to EQT Exeter on the deal, which forms part of the firm’s strategy to invest in high-demand logistics markets driven by e-commerce and supply chain innovation.

Strategic Sites in Milton Keynes and Dartford

The two properties, located in Milton Keynes and Dartford, were purchased from M&G Real Estate. Both are fully leased, with the Milton Keynes site occupied by DS Smith PLC's corrugated packaging unit and the Dartford facility rented by retail giant Asda. Their proximity to major transport networks adds strategic value for logistics operations.

The acquisition was made through EQT Exeter’s European Logistics Value Fund IV, a vehicle focused on acquiring and enhancing logistics assets across key markets.

Focus on Sustainability and Efficiency

EQT Exeter emphasized its plans to upgrade the properties for energy efficiency and regulatory compliance. These enhancements align with the firm’s sustainability goals and aim to support decarbonization efforts.

"EQT Exeter's operational expertise and focus on sustainability will aim to unlock further potential for these properties, ensuring they meet the evolving needs of our occupiers and investors alike," said Jonathan Mackie, director of U.K. acquisitions at EQT Exeter.

EQT Exeter’s Expanding Portfolio

EQT Exeter, formed in 2021 through the merger of EQT and Exeter Property Group, manages over $30 billion in equity and owns more than 2,000 properties globally. The firm has been actively expanding its logistics footprint, including a recent $81.5 million purchase of an industrial property near Seattle.

The acquisition underscores EQT Exeter’s commitment to targeting high-growth logistics markets fueled by the rise of e-commerce and modern supply chain requirements.

Legal Representation

Charles Russell Speechlys led legal representation for EQT Exeter in the transaction. Counsel information for M&G Real Estate was not immediately available.