Key Takeaways
- • EQT Real Estate acquired a three-asset logistics portfolio in the Midlands from Prologis UK valued at £130 million, comprising approximately 909,000 square feet across fully leased properties.
- • The portfolio includes Nuneaton Bermuda Park DC1 and Rugby Central Park DC1 and DC2, strategically positioned in the East and West Midlands, two critical UK logistics hubs.
- • All three assets are fully leased, providing immediate income stability for EQT Real Estate's European logistics platform.
- • The acquisition expands EQT Real Estate's growing UK logistics footprint as the firm continues to build scale in the industrial real estate sector.
- • Jonathan Mackie, managing director at EQT Real Estate, highlighted the Midlands' importance as a logistics hub and the portfolio's positioning to serve evolving occupier demand.
Summary
EQT Real Estate has completed the acquisition of a three-asset logistics portfolio in the Midlands from Prologis UK for £130 million. The portfolio comprises three fully leased industrial assets: Nuneaton Bermuda Park DC1 and Rugby Central Park DC1 and DC2, totalling approximately 909,000 square feet distributed across the East and West Midlands regions.
The transaction reflects EQT Real Estate's strategic expansion of its UK logistics platform at a time when the Midlands region remains one of Britain's most important logistics and distribution hubs. The portfolio's existing full leasehold position provides immediate cash flow and eliminates lease-up risk, making it an attractive core holding for the firm's European logistics value fund.
According to Jonathan Mackie, managing director at EQT Real Estate, the acquisition is well-positioned to serve the evolving needs of occupiers while benefiting from the region's established logistics infrastructure and connectivity. The Midlands continues to attract significant occupier demand due to its central UK location and proximity to major population centers and transportation networks.
This acquisition represents a continuation of EQT Real Estate's strategy to consolidate high-quality, fully occupied logistics assets in key UK markets. The move aligns with broader institutional capital deployment into industrial real estate, where supply constraints and strong tenant fundamentals continue to support valuations and returns across the sector.
The transaction reflects EQT Real Estate's strategic expansion of its UK logistics platform at a time when the Midlands region remains one of Britain's most important logistics and distribution hubs. The portfolio's existing full leasehold position provides immediate cash flow and eliminates lease-up risk, making it an attractive core holding for the firm's European logistics value fund.
According to Jonathan Mackie, managing director at EQT Real Estate, the acquisition is well-positioned to serve the evolving needs of occupiers while benefiting from the region's established logistics infrastructure and connectivity. The Midlands continues to attract significant occupier demand due to its central UK location and proximity to major population centers and transportation networks.
This acquisition represents a continuation of EQT Real Estate's strategy to consolidate high-quality, fully occupied logistics assets in key UK markets. The move aligns with broader institutional capital deployment into industrial real estate, where supply constraints and strong tenant fundamentals continue to support valuations and returns across the sector.
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