EQT Real Estate acquires UK logistics portfolio from Prologis

Prologis UK has sold a fully leased portfolio of three logistics properties in the Midlands region of the UK to EQT Real Estate.

Rugby DC1 and DC2

The financial details of the transaction were not disclosed.
The portfolio includes properties in Nuneaton (Bermuda Park DC1) and Rugby (Central Park DC1 and DC2), collectively spanning about 84,450 m2. These locations are strategically important for the UK's distribution network due to their strong infrastructure and consistent customer demand.
For Prologis, this sale is part of its strategy to actively manage its property portfolio. For EQT Real Estate, the acquisition boosts its presence in the vital UK logistics market, which is a key distribution hub in Europe.
The UK logistics sector continues to attract institutional investment due to sustained demand, coupled with a scarcity of modern facilities in well-established areas.
Paul Weston, regional head of Prologis UK, said: “These are high-quality, stabilised assets in core locations. The transaction reflects our disciplined approach to capital allocation. We regularly assess where we can realise value and redeploy capital into development and other opportunities that support our long-term priorities in the UK.”
Jonathan Mackie, managing director at EQT Real Estate, added: “The Midlands is one of the UK’s most important logistics hubs, and this portfolio is well positioned to serve the evolving needs of occupiers while benefiting from active asset management and long-term sustainability-led value creation. The addition of these assets to our portfolio aligns strongly with EQT Real Estate’s strategy of acquiring modern, high-potential logistics properties in underserved markets in Europe.”
Prologis is actively investing in new developments across the UK. Recently, they initiated four new projects at DIRFT (Daventry International Rail Freight Terminal), one of which is the primary National Distribution Centre for M&S Food. Additionally, Prologis has been selected as a development partner for Manchester Airport Group's East Midlands Airport Freeport project.
In the aforementioned transaction, Prologis received advisory services from CBRE and DTRE, while EQT was advised by Knight Frank.
Prologis continues to deploy capital across the UK. Recent activity includes four development starts at DIRFT, including M&S Food’s flagship National Distribution Centre and being announced as development partnership for Manchester Airport Group at East Midlands Airport Freeport.
Prologis were advised by CBRE & DTRE, EQT were advised by Knight Frank.