ING Provides $268 Million Acquisition Facility to EQT Real Estate for Logistics Portfolio

NEW YORK--(BUSINESS WIRE)--ING Capital LLC today announced it has provided a fully underwritten $268 million acquisition facility to EQT Real Estate's Core Plus Fund IV. The financing supported the fund's acquisition of 11 institutional-quality logistics assets totaling 2.8 million square feet across six high-growth US logistics markets. The transaction builds upon the growing relationship between ING and EQT Real Estate in both the US and European markets.

The 11-asset portfolio is fully leased and features modern specifications, including an average building age of 2014, 33-foot average clear heights and an average of 22 dock high doors per asset. The portfolio has a weighted average lease term of seven years. Tenants span food and beverage, packaging, bulk transport, e-commerce and aviation. By property type, the portfolio consists of 63% bulk distribution, 26% light industrial and 11% last mile distribution assets.

“This transaction reflects the creative, flexible financing solutions our real estate team is able to bring to sponsors navigating complex portfolio acquisitions,” said Craig Bender, Managing Director and Head of Commercial Real Estate for the Americas at ING Capital LLC. “Logistics fundamentals remain strong, and we are pleased to support EQT Real Estate, one of the premier real estate platforms in the US. This deal reflects our commitment to supporting our most important sponsor clients across sectors, products and ING’s global network.”

EQT Real Estate is the real estate division of EQT AB, a global investment organization headquartered in Stockholm, Sweden that manages more than €291 billion in assets across multiple geographies and sectors. EQT Real Estate serves over 100 institutional investors globally and manages more than $59 billion in assets under management.

“ING has become a trusted partner in the US and Europe,” said Brian Ford, Managing Director, EQT Real Estate. “Their team was able to move with the speed and flexibility we needed. We look forward to continuing to build on this partnership.”

About ING Americas

ING Americas is the brand name of ING’s wholesale business in the Americas region, which operates in the U.S. through ING Financial Holdings Corporation and its subsidiaries. ING Financial Holdings Corporation is a wholly owned subsidiary of ING Bank N.V., and part of ING Groep N.V., a global financial institution whose shares are listed and traded on Euronext Amsterdam (INGA NA, INGA.AS), Euronext Brussels and the New York Stock Exchange (ADRs: ING US, ING.N) (ING Groep N.V. together with its subsidiary and affiliated companies, “ING Group”).

Please note that ING Group does not have a banking license in the U.S. and is therefore not permitted to conduct banking activities in the U.S. Through its wholly owned subsidiary ING Financial Holdings Corporation and its subsidiaries, ING offers a full array of wholesale financial products such as lending, corporate finance and a full range of financial markets products and services to its corporate and institutional clients.

About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 291 billion in total assets under management (EUR 155 billion in fee-generating assets under management) as of 30 June 2026, divided into three business segments: Private Capital, Infrastructure and Real Estate. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate manages about $59 billion in GAV, owns and operates over 2,000 properties and 450 million square feet, with over 400 experienced professionals across 50 locations globally.