EQT Exeter has acquired two UK warehouses in Milton Keynes and Dartford
EQT Exeter, a real estate investment manager, has acquired two prime logistics properties in Milton Keynes and Dartford from M&G Real Estate.
In Milton Keynes, the 320,000 square foot warehouse is 100% let to DS Smith Corrugated Packaging while the Dartford asset totals 334,000 square feet fully let to Asda Stores.
These key South East logistics hubs offer access to major transportation networks and support critical regional distribution operations.
The total transaction price is in excess of ÂŁ100 million, with EQT Exeter explaining that the firm had a focus on high-demand logistics markets fuelled by robust e-commerce growth and evolving supply chain needs.
Additionally, the transaction aligns with EQT Exeter’s value creation investment strategy via energy efficiency upgrades which will contribute to decarbonisation and compliance with future regulatory standards, delivering long-term value for stakeholders.
Jonathan Mackie, Director of UK Acquisitions and Leasing at EQT Exeter, said: “We are excited to add these two high-quality logistics assets to our portfolio.
"Their strategic locations attract robust big box occupier profiles proving the critical nature of these UK logistics submarkets.
"EQT Exeter’s operational expertise and focus on sustainability will aim to unlock further potential for these properties, ensuring they meet the evolving needs of our occupiers and investors alike.”