EQT Real Estate divests light industrial portfolio

EQT Real Estate has sold a portfolio of 33 light industrial properties in Eastern Sweden, totalling 144,000 m2, to Brookfield. 

EQT industrial real estate in Sweden

This follows the October sale of a 10,000 m2 asset in Southern Sweden to ICA Fastigheter. 
The total divestment encompasses approximately 154,000 m2 of diverse light industrial spaces, including warehousing, logistics, production, and car dealerships, primarily located in suburban areas near growing university cities in Sweden.
EQT's strategy involved aggregating individual assets into a high-quality industrial portfolio, providing affordable and modern rental opportunities for SMEs and established firms in rapidly expanding industrial hubs. Through proactive value creation activities such as targeted property investments, addressing vacancies, extending short-term leases, and undertaking select development projects, EQT successfully diversified the tenant base and achieved long-term occupancy stability, robust cash flow, and significant value appreciation. 
Broadgate Asset Management served as EQT's operating partner for this portfolio.
Olivier Astruc, managing director at EQT Real Estate, said: “We are delighted to see our investment thesis for Swedish light industrial assets materialise successfully. The performance of these Swedish logistics real estate assets has been underpinned by continued growth in strategically targeted cities located in proximity to logistics and industrial sub-markets. Over the years, we have aggregated a high-quality portfolio, enhanced its performance by prioritising occupiers’ needs, and we are pleased to have found the right owner to continue its growth”.
EQT Real Estate was advised by CBRE, Schjødt, EY, and Tjuren.