The real estate arm of Swedish private equity firm EQT has acquired an industrial warehouse in South Normanton in a £16.8m deal.
DTZ Investors has sold the warehouse to EQT Exeter for £16.8m, which is currently leased to healthcare logistics provider Alloga UK for the next 1.1 years.
Amber Park is one of seven units occupied by Alloga within South Normanton which acts as their central UK distribution hub. The firm provides logistics solutions to manufacturers in the pharmaceutical, medical device, consumer product, health & beauty and veterinary sectors.
EQT Exeter, created through the combination of Exeter Property Group and EQT in 2021, now owns and operates more than 2,000 properties and 375 million sq ft and become one of the largest real estate developers in the world.
Tom Royston, director at DTZ Investors said: “We are very pleased to have successfully disposed of this asset. The sale crystalises an exceptionally strong outcome for our client, having held the asset for 15 years. The divestment of this asset removes the impact of what was a high level of income concentration risk in 2025 due to the upcoming lease expiry and therefore the sale is by fund strategy.”
Will Gubb, head of industrial capital markets at Knight Frank, said: “This transaction demonstrates the continued strong investor demand for reversionary logistics assets with lease events within the next 12-24 months. We continue to see good liquidity in this area of the market, with investors remaining bullish on rental growth performance and re-letting prospects.
Knight Frank advised DTZ Investors on the sale, while BNP Paribas represented EQT Exeter in the acquisition.