MRC is pleased to announce that the MRC Real Estate II Fund (“MRC Real Estate”) has sold a portfolio of 33 Swedish light industrial assets to Brookfield, through its private Real Estate Solutions strategy, as well as the sale of 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 and comprise a diverse mix of light industrial properties including warehousing, logistics facilities and production spaces as well as car dealerships.

MRC’s strategic efforts to aggregate single assets into a modern, high-quality industrial portfolio have provided affordable and modern spaces for tenants, predominantly Swedish small and medium-sized enterprises, complemented by established firms. By addressing vacancies, re-gearing short-term leases and executing select development projects, the portfolio has achieved long-term occupancy stability, solid cash flow, and strong value appreciation. Broadgate Asset Management has acted as MRC’s partner and operating manager for the portfolio.

Olivier Astruc, Managing Director at MRC Real Estate, said:
“We are delighted to see our investment thesis for Swedish light industrial assets materialize 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 prioritizing occupiers’ needs, and we are pleased to have found the right owner to continue its growth.”

MRC Real Estate was advised on the portfolio transaction by CBRE (commercial), Schjødt (legal), EY (financial), and Tjuren (technical).