EQT closes $1.87b acquisition of Exeter Property Group

Stockholm-headquartered global investment firm EQT has completed the acquisition of U.S.-based Exeter Property Group for $1.87 billion.

Lennart Blecher, head of EQT Real Assets and deputy managing partner, said, “We are happy to announce that the combination of Exeter and EQT’s real estate businesses is complete. Together, we will create a leader in thematic value-add real estate investments, allowing EQT to scale up its existing local execution efforts while also adding a prolific single-asset deal platform. On behalf of the entire ExCom, we look forward to working together with Ward to further develop our global real estate footprint.”

Ward Fitzgerald, CEO and founder of Exeter, added, “The closing marks an important milestone for the combined company, and we are excited about the opportunity to develop EQT Exeter into a true global leader in real estate. Our focus remains on driving returns, and we are confident that, with our shared investment approach and