A company based in Sweden plans to acquire a Pennsylvania real estate investment firm with a presence in the midstate.
EQT AB, a global investment company plans to acquire the Conshohocken-based Exeter Property Group for nearly $1.9 billion.
“The transaction is part of EQT AB’s strategic growth ambitions within real estate and creates a scaled thematic investment platform across North America and Europe,” the company said in a press release.
Exeter was founded in 2006 and acquires, develops and manages logistics/industrial, life science/office and residential properties mainly across the United states. Exeter has a number of properties in Pennsylvania including warehouses in the Harrisburg, York, Middletown, Newville and Chambersburg areas.
The transaction is subject to customary closing conditions, and is expected to be completed in the second quarter of this year.
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February 08, 2021 at 07:17PM
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