EQT has raised €3.1bn ($3.6bn) for its latest European real estate vehicle, surpassing its €2.5bn target despite a still-challenging fundraising environment for property-focused funds, according to a report by Bloomberg.
The final close of the EQT Real Estate Europe Logistics Value Fund V marks a more than 40% increase in size compared with its predecessor, which closed at €2.2bn in 2021. The result confirms earlier reporting and highlights continued investor interest in logistics assets even as broader real estate allocations remain under pressure.
Fundraising across the sector has been constrained in recent years following the end of the low-interest-rate era, which triggered valuation declines and reduced capital recycling for investors. At the same time, higher yields in private credit and infrastructure have drawn capital away from real estate strategies.
However, sentiment is beginning to stabilise as interest rates ease and valuations improve. European non-listed real estate fundraising rose 20% in 2025 to €35bn, according to industry data, signalling a gradual recovery.
EQT said investor appetite remains strong, particularly for industrial and logistics assets, which continue to benefit from e-commerce growth and supply chain re-shoring trends across Europe.
