EQT picks up prime big box assets in Southern France

EQT Real Estate has purchased a prime logistics portfolio in Southern France on behalf of its EQT Exeter Logistics Value Fund IV.

EQT Real Estate logistics assets in France

The acquisition includes five warehouses totalling about 148,000 m2 near Avignon and Toulouse, with easy access to major highways including the A20 and A7 providing connectivity to Marseille and Lyon.
Leased to nine tenants, the portfolio offers significant potential for increased rent in the near future, as the average remaining lease term is under two years. 
This purchase expands EQT Real Estate's presence in the Southeast and Southwest France logistics markets, which are experiencing high demand and limited supply. 
The modern, high-quality warehouses feature high ceilings and ample loading space, catering to the needs of today's logistics companies.
John Toukatly, partner, CIO, European Logistics at EQT Real Estate, said: “Situated in supply-constrained markets, these assets are highly attractive to a wide range of major big-box tenants and are well aligned with EQT Real Estate’s strategy of acquiring modern, high-potential logistics properties in underserved areas across Europe. With our operational and asset management capabilities, we intend to further enhance the value of this high-quality portfolio.”
EQT Real Estate received advice from PwC on financial and tax matters, Gide and GMH Notaires on legal and notarial aspects, CBRE on commercial matters, Tauw on environmental issues, AMF on classified facilities and building permits (ICPE and PM), and Gleeds on technical and ESG matters.