The facilities are leased for an average term of 4.3 years, underscoring their stability and immediate revenue-generating potential. EQT’s move highlights the continued appeal of logistics real estate amid increased e-commerce demand and supply chain optimization efforts across Europe.
Italian Logistics Market Shows Strength
EQT’s acquisition comes at a time when Italy’s logistics sector is experiencing rapid growth. A report by Colliers revealed “exceptional performance” in the third quarter of 2024, with the market valued at €635 million. This marks a 33% rise compared with the first half of the year. According to Colliers, factors such as limited supply, rising construction costs, and higher financing expenses have driven rental values upward in major Italian markets.
Paolo Bottelli, founder and CEO of Kryalos, noted the transaction’s significance. “This deal underscores the strength and liquidity of the Italian logistics real estate market, which continues to attract investors looking to establish or grow their presence in this rapidly expanding sector,” Bottelli said in a statement. Kryalos, with a team of 125 professionals, manages assets worth €13.8 billion across Italy.
Logistics Deals Gain Momentum
EQT’s acquisition is part of a broader trend in the Italian logistics market. In July, real estate investment trust Segro PLC disclosed that its joint venture in Europe sold four warehouses in Italy for €327 million. This flurry of activity highlights the robust demand for high-quality logistics assets in the country.
Strategic Appeal for EQT
EQT’s investment in strategically located warehouses reflects its long-term commitment to the European logistics sector. With direct access to vital transportation networks, the properties are well-positioned to meet the needs of tenants seeking efficient distribution solutions in a competitive market.
