EQT Exeter to acquire 5msf industrial assemblage from Prologis
Transactions - MAY 29, 2024

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EQT Exeter to acquire 5msf industrial assemblage from Prologis

by Released

EQT Exeter Industrial Value Fund VI, managed by EQT Exeter, has acquired 20 industrial properties in Minneapolis from Prologis, with plans to acquire four more properties by the final closing date.

The 20 properties consist of more than 5 million square feet and features a mix of bulk, light-industrial and last-mile facilities, with an average building size of more than 200,000 square feet. The properties are located across four prime Minneapolis logistics submarkets and offer proximate access to the Interstate 494/I-694 beltway around the Minneapolis-St. Paul Metropolitan Area, serving as a key logistics route in the region. The properties also reflect in-demand building specifications and functional designs required by modern, blue-chip tenants. The properties are 90 percent leased by 54 unique tenants, and approximately 20 percent are existing tenants within EQT Exeter’s portfolio.

“This transaction highlights our continued conviction in the industrial sector an

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