Brunswick Divests Grocery Store Portfolio
Sweden Brunswick Real Estate, on behalf of Sveafastigheter Fersen II AB, has divested a 50-property portfolio to the listed property company Tre Kronor. Total gross asset value amounts to MSEK 903 (EUR 87M).
Sveafastigheter Fersen II AB, co-owned by global private markets investment manager Partners Group, on behalf of its clients, and Brunswick Real Estate, has held the portfolio since 2016. Brunswick Real Estate and Partners Group have been responsible for the management of the portfolio together with Scius Partners as local asset management partner.
"The divestment of the GSS Portfolio is a great example of a well-executed business plan. Since 2016 we have completed strategic add-on acquisitions to the portfolio, renegotiated and extended lease agreements, and made relevant investments in the properties. We are happy to divest a well-positioned portfolio to the growing company Tre Kronor,” says Annika Fridolf, Fund Manager at Brunswick Real Estate.
Wistrand Advokatbyrå acted as Brunswick Real Estate’s legal counsel.