Round Hill Capital (RHC), with partners KKR and Longridge Capital (LRC), has sold an Italian logistics portfolio held through their investment in the Elizabeth real estate fund, to EQT Exeter, a long-term owner, developer and manager of European logistics properties, for €117.5 million ($134.5 million).
“This sale is in line with our long-term strategy of sourcing quality opportunities in local markets and optimizing the value of underlying assets to drive returns,” said Michael Bickford, founder and CEO of Round Hill Capital. “Yields in logistics continue to benefit from significant tailwinds driven by post-pandemic shifts in supply chains, and the sector remains a key focus area for Round Hill Capital, and one in which we remain committed to expanding our presence across Europe.”
The Elizabeth portfolio comprises nine assets with about 131,000 square meters (1.4 million square feet) of last-mile logistics space, throughout Central and Northern Italy with pr
