Updated Dec 18, 2023
EQT Exeter Acquires Italian Logistics Portfolio In Milan, Emilia-Romagna & Rome For £117.5M
Milan, Italy
$117,500,000
$83/SF
Building Size
1,410,072 SF
Asset Type
Industrial
Closing
Nov 14, 2021
About this deal
AI
The Italian Logistics Portfolio, located in Milan, Emilia-Romagna, and Rome, has been sold in a closed transaction. The industrial property spans across 1,410,072 square feet and was acquired for a purchase price of £117,500,000. The price per square foot is £83. The transaction took place on November 14, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: £117,500,000
- Square Footage: 1,410,072
- Price per Square Foot: £83
- Address: Italian Logistics Portfolio
- Sector: Milan, Emilia-Romagna & Rome
The sellers in this transaction were KKR represented by Seb d’Avanzo, Round Hill Capital represented by Michael Bickford, and Longridge Capital represented by Gavin Gedde. On the other hand, the purchaser was EQT Exeter.
Players
Milan Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93