Partners Group is selling a SEK1.3bn (€113.1m) Swedish retail warehouse portfolio to property company Svenska Handelsfastigheter.
The global private markets firm, acting on behalf of its clients, said the 85,200sqm portfolio of seven properties were held in the Sveafastigheter Fersen and Sveafastigheter Fersen II vehicles and has been managed by Brunswick Real Estate on behalf of Partners Group since 2015.
The portfolio, consisting of properties located in Västerås, Kalmar, Österåker and Kristianstad, is 95% let with an average remaining contract period of 4.8 years.
Annika Fridolf, CEO of Fersen and partner at Brunswick Real Estate, said: “We are pleased to have executed this transaction on behalf of Partners Group. Over the last several years, we have implemented significant asset management initiatives, including securing large anchor tenants, the redevelopment of 8,500sqm retail space in Västerås, as well as the development of three fast-food restaurants to further strengthen local service offerings.
“We would like to thank our local asset management partner P&E Fastighetspartner for the excellent cooperation over the years and wish Svenska Handelsfastigheter success with the continued management of this well-positioned portfolio.”
Jan Hannappel, member of management, private real estate Europe at Partners Group, said: “Following the sale of our Finnish holdings to Nyfosa back in 2022, we are pleased to report another major exit in the Fersen structures, with the sale of our Swedish retail warehouse portfolio, after completing several transformational value-creation projects over the years.”
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