Brunswick Real Estate’s Sveafastigheter has sold a €450m Finnish and Swedish property portfolio to Partners Group.
The remaining assets in Sveafastigheter’s Fund III vehicle have been sold to clients of Partners Group.
The portfolio of 97 properties in Sweden and Finland includes retail, office and hotel assets.
Sveafastigheter has been mandated to continue managing the 360,000sqm portfolio.
The deal follows Partners Group’s €340m acquisition last year of a portfolio out of its 2006-vintage Sveafastigheter’s Fund II vehicle.
That transaction saw 32 properties in Sweden, Finland and Estonia with a total lettable area of 250,000sqm change hands.
Fabian Neuenschwander, senior vice-president at Partners Group, said the company continued to believe Nordic markets were “well-positioned to perform strongly”.
He said the company saw potential for further value creation in the assets it had bought.
Peter Leimdörfer, chief executive and founder of Brunswick Real Estate, said: “Secondary cities and mixed portfolios, which once wouldn’t be considered prime targets, are becoming more and more competitive from an investment perspective, and there is a real desire to reap the benefits in the Nordic countries.”