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EQT Real Estate Targets $6B Fundraise for U.S. Industrial Properties
EQT Real Estate has set the target size for EQT Exeter Industrial Value Fund VII at $6 billion. The new fund’s investment strategy and commercial terms are expected to be in line with the predecessor fund, EQT Exeter Industrial Value Fund VI, which closed in July 2023 at $4.9 billion, exceeding its $4-billion target, with commitments from a diverse group of pensions, foundations, insurance and sovereign clients across North America, South America, Europe, Asia, and the Middle East.
Fund VI is approximately 80% invested, EQT Real Estate said. It has pursued a value-add strategy to acquire, develop, renovate, lease, operate and sell industrial properties serving major markets throughout the U.S.
The fund has emphasized single-tenant, modern supply chain assets, including big-box fulfillment centers and last-mile assets used by the world’s largest corporations. Simultaneously with announcing the new U.S. fund, EQT said it acquired six Class A logistics facilities in the U.K.
- ◦Sale/Acquisition
- ◦Financing
