EQT Exeter Acquires Logistic Property in Venlo from Union Street

Union Street has sold a logistics property located at the business park Trade Port West in Venlo to EQT Exeter Property Group. The building has a total area of approximately 9,030 square meters and is equipped with cold and frozen storage. Business park Trade Port West is located near the German border and has an excellent connection to Eindhoven via the A67 motorway.

The property will be placed in Exeter’s value fund III, which has now been fully invested. In addition to the core plus fund, Exeter has recently launched value fund IV in which, in addition to buying existing properties, they also have the ability to develop brown and greenfield properties.

Union Street is a platform that was established in 2015 to invest in various Dutch real estate assets. Union Street was founded and is owned by Monarch Alternative Capital LP, a leading investment firm. Monarch Alternative Capital LP is a global investment firm founded in 2002 with approximately $9 billion in assets under management. Monarch focuses primarily on opportunistic credit and distressed situations across corporate debt, real estate, special situations, and other market segments. Monarch draws on the skills and experience of its employees across its offices in New York and London.

Union Street was advised commercially by Spring Real Estate, which was also responsible for the management of the building, and legally by Loyens & Loeff. EQT Exeter was advised commercially by Circle Real Estate and legally by Fort advocaten.