EQT Real Estate has expanded its UK logistics platform with the acquisition of a 909,000ft2 Midlands portfolio from Prologis UK. The value of the transaction has not been disclosed.
The fully-let portfolio comprises Nuneaton Bermuda Park DC1 and Rugby Central Park DC1 and DC2, located in the East and West Midlands. The Midland’s region remains a core component of the UK’s distribution network, supported by established infrastructure and sustained occupier demand.
For Prologis, the transaction forms part of its active portfolio management strategy.
Paul Weston, regional head of Prologis UK, said: “These are high-quality, stabilised assets in core locations. The transaction reflects our disciplined approach to capital allocation. We regularly assess where we can realise value and redeploy capital into development and other opportunities that support our long-term priorities in the UK.”
The acquisition expands EQT Real Estate’s exposure to the UK logistics sector, one of Europe’s most established and strategically positioned distribution markets.
Jonathan Mackie, managing director at EQT Real Estate, added: “The Midlands is one of the UK’s most important logistics hubs, and this portfolio is well positioned to serve the evolving needs of occupiers while benefiting from active asset management and long-term sustainability-led value creation. The addition of these assets to our portfolio aligns strongly with EQT Real Estate’s strategy of acquiring modern, high-potential logistics properties in underserved markets in Europe.”
According to a statement, the deal underlines continued investor demand for stabilised logistics assets in core UK markets.
Prologis was advised by CBRE and DTRE. EQT was advised by Knight Frank.
