Regardless of being amid world macroeconomic uncertainty, EQT Exeter believes that present situations for acquisitions are fertile, as the upper rate of interest surroundings has resulted in lowered asset pricing.
In flip, its EQT Exeter Industrial Worth Fund VI has held its remaining shut at $4.9 billion in fee-generating belongings beneath administration.
The corporate mentioned that sustained excessive occupancy nationally and the elevated value to construct new amenities “have led to outstanding rental price development.”
The fund’s value-add technique will give attention to buying and creating industrial properties with an emphasis on single-tenant, fashionable provide chain asset together with huge field achievement middle and last-mile belongings.
Equally, about eight months in the past EQT Exeter closed its EQT Exeter Industrial Core-Plus Fund IV at an oversubscribed $3 billion in fairness commitments, exceeding the $2.5 billion purpose.
This time, demand from current and new buyers was once more robust, with commitments coming from a various group of pensions, foundations, insurance coverage, and sovereign shoppers throughout North America, South America, Europe, Asia, and the Center East.
