EQT Acquires 50,000 m² Southgates Industrial Real Estate Portfolio in Baden-Württemberg from Ares

GEISLINGEN AN DER STEIGE / EPFENDORF, Germany — International investor EQT Real Estate has acquired the "Southgates" logistics portfolio, two fully leased big-box industrial real estate assets totaling approximately 50,000 square meters in Baden-Württemberg, Germany, from an Ares Immobilien Fonds. JLL advised the seller and facilitated the portfolio transaction, which was announced March 6, 2026. The financial terms of the deal were not disclosed.

Southgates Portfolio: Industrial Real Estate Assets in Epfendorf and Geislingen an der Steige

The Southgates portfolio consists of two modern big-box logistics properties located in Baden-Württemberg. The larger of the two assets, situated in Epfendorf, spans approximately 29,000 square meters and was completed in 2019. The second property, located in Geislingen an der Steige, covers approximately 21,000 square meters and was built in 2018. Both buildings are certified DGNB Gold and are occupied entirely by logistics companies. The parties described both assets as having high third-party usability.

JLL Brokers Sale for Ares; Transaction Volume Remains Confidential

JLL, acting as investment sales broker, advised Ares Immobilien Fonds on the disposition and facilitated the portfolio transaction. The parties agreed to keep the transaction volume confidential, and no sale price, cap rate, or price-per-square-meter figure was disclosed. JLL is a global commercial real estate services and investment management firm with annual revenue of $26.1 billion, offices in more than 80 countries, and more than 113,000 employees as of December 31, 2025, according to the firm.

Diana Schumann, Head of Industrial & Logistics Investment at JLL Germany, is credited in the announcement as the lead author on the transaction release.

Transaction Details

The Southgates portfolio's two properties are both fully leased and DGNB Gold certified. The Geislingen an der Steige property was built in 2018, and the Epfendorf property was completed in 2019. Both are occupied by logistics companies. No tenant names, financing terms, or additional financial details were disclosed in connection with the transaction.