EQT Exeter Europe Logistics Val Fund IV closes at EUR 2.1 Billion hard cap – demonstrates commitment to logistics value-add investments throughout Europe

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By Daniel Webster, dWeb.News

EQT Exeter Europe Logistics Val Fund IV closes at EUR 2.1 Billion hard cap after strong support from international blue-chip investors.
EQT Exeter Europe Logistics Value Fund IV will pursue a strategy to add value to acquire, develop and redevelop, lease and operate supply chain and ecommerce-focused big box warehouse, last-mile and light industrial properties that serve major European markets.
After the merger of EQT’s real-estate business and Exeter Property Group, the Fund was the first to close. It was closed in April 2021.
STOCKHOLM – July 19, 2021 – PRNewswire — EQT is happy to announce that the EQT Exeter Europe Logistics Value Fund IV (the Fund) has closed at its hard cap, EUR 2.1 billion in fee paying assets under management. The Fund was highly requested by both existing and new investors. This resulted in a significant oversubscription with commitments from a diverse group of high-quality investors from North America, Europe and Asia.
The Fund will use a value-add strategy in order to acquire, develop and redevelop, lease and operate supply chain and ecommerce-focused big box warehouse, last-mile and light industrial properties that serve major European markets. EQT Exeter has used similar value-add strategies in its series of European and US logistics value-add funds, which have outperformed the market. The senior management team at EQT Exeter, which focuses on logistics, has been together for more than 17 years. They average 22+ years of real estate industry experience and have proven their ability to manage the entire value chain of logistics real-estate investments across multiple markets and through multiple growth and recessionary real estate market cycles.
The Fund benefits from EQT Exeter’s “local with the locals” approach with 40 global offices (14 European) and its vertically integrated team (260+ real estate professionals in Europe), with deep expertise in acquisitions and dispositions, construction, leasing and asset and property management, finance and legal compliance, accounting, compliance, and accounting. EQT Exeter’s local presence allows for a targeted selection in submarkets and properties. It also offers a favorable cost basis because of one-off, small deal sourcing and full ownership/control over assets. The Fund will also benefit from EQT Exeter’s “tenant-centric” philosophy. This means that customer demand, discussions and current information from corporate real estate heads and their tenant broker representatives will have a strong influence on the Fund’s property and investment decisions. The Fund will be able to offer properties that meet the needs of tenants through the knowledge gained by EQT Exeter’s presence on the ground and regular communication with tenants.
Ward Fitzgerald, Partner and Head at EQT Exeter, said, “I would like thank our repeat and new investor for their support of EQT Exeter’s latest flagship vehicle in the European logistics value-add funds series. The successful fundraise for EQT Exeter Europe Logistics Value Fund 4 confirms our proven 15+-year track record of value creation through our vertically integrated operating model of locals with locals. We look forward working with our new colleagues from EQT to continue outperforming and providing strong returns for the Fund’s investors.”
Paul Rubincam, Partner, and Co-Head, EQT Exeter Europe Advisory Team commented, “We are confident that due to the strong pipeline and team’s ability use its leasing, tenant relationship and asset management skills to achieve value-add outcomes we will be able to advise on the deployment of the Fund’s capital as well as the delivery of its superior performance.”
Lennart Blecher (Head of Real Assets’ Advisory Team, Deputy Managing Partners, Chairperson of EQT Exeter) commented that the Fund’s closing marks an important milestone after the completion of the merger of EQT’s property business and Exeter. This is not only a significant fundraising effort by Ward and the Exeter teams, but also a concrete contribution towards scaling our real estate platform, which is a critical part of EQT AB’s global growth strategy. EQT Exeter will work closely with the rest of the EQT platform in Europe, and the Fund will be able capitalize on thematic real-estate investment opportunities in the market.
EQT Exeter Europe Logistics Value Fund 4 is backed by a high-respected, international investor base, including public and corporate pension funds and sovereign wealth funds, insurance firms, global asset management companies, commercial banks and endowments, foundations, and family offices.
Contact
EQT Press Office, [email hidden], +46 8 506 55 334
About EQT
EQT is a purpose-driven, global investment organization that manages more than EUR 67 Billion in assets across 26 active funds. Portfolio companies of EQT funds are located in Europe, Asia-Pacific, and the Americas. They have a total sales volume of around EUR 29 billion and employ more than 175,000 people. EQT works closely with portfolio companies to achieve sustainable and profitable growth, operational excellence, and market leadership.
More information: http://www.eqtgroup.com
Follow EQT on LinkedIn and Twitter, YouTube, Instagram, and YouTube
About EQT Exeter
EQT Exeter was formed in 2021 by the merger of EQT’s property business and Exeter Property Group. EQT Exeter is one of the most prominent real estate investment managers worldwide. It focuses on the acquisition, development, and management of logistics/industrial, office, and residential properties. EQT Exeter employs a value-creation and thematic investment strategy. EQT Exeter has nearly 40 regional offices and 260+ professionals in the Americas, Europe, and Asia. This allows tenants to receive superior real estate solutions. Investors can also expect consistent returns on their investment through core-plus and value-add strategies.
More information: http://www.exeterpg.com
This information was provided by Cision http://news.cision.com
https://news.cision.com/eqt/r/eqt exeter-europe-logistics–value-fund–iv-closes–at-eur–2-1-billion–hard-cap—fortifies–commitment-. C3386843
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https://mb.cision.com/Main/87/3386843/1446335.pdf
EQT Exeter Europe Logistics Val Fund IV closes at EUR 2.1 Billion hard cap aEUR” demonstrates commitment to logistics value-add investments throughout Europe
https://news.cision.com/eqt/i/eqt–exeter, c2937032
EQT Exeter

SOURCE EQT

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