EQT Real Estate II Fund, a fund managed by EQT, has sold a portfolio of 33 Swedish light industrial assets to Brookfield, through its private Real Estate Solutions strategy, as well as selling an individual property to ICA Fastigheter.
The portfolio includes a mix of suburban properties neighboring growing university cities in Sweden. The property sold to ICA Fastigheter is located in Trelleborg. Together, they span approximately 154,000 square meters (1.7 million square feet) and comprise a diverse mix of light industrial properties, including warehousing, logistics facilities, production spaces and car dealerships.
EQT’s strategic efforts to aggregate single assets into a modern, high-quality industrial portfolio have provided affordable and modern spaces for tenants, predominantly of Swedish small and medium-sized enterprises, complemented by established firms. By addressing vacancies, regearing short-term leases and executing select development projects, the port
