EQT completed the acquisition of Exeter Property for $1.9bn.

EQT Partners completed the acquisition of Exeter Property, a real estate investment management firm, for $1.9bn. “Scaling EQT’s real estate platform has been a key priority for EQT Real Assets. The combination of Exeter and EQT’s existing real estate business is highly complementary and creates a leader in thematic value-add real estate investments, allowing EQT to scale up local execution while also adding a prolific single asset deal platform. Exeter is a hidden gem with very strong performance due to a clear operational mindset. We believe this is synergistic for both parties, with EQT able to bring multiple benefits to the Exeter business with the strength of our industry and client relationships and our future-proofed operating platform," Lennart Blecher, EQT Head of Real Assets and Deputy Managing Partner.