Key Takeaways
- • Latham & Watkins advised Brookfield on a joint venture acquisition of 33 light industrial assets totaling 144,000 square meters in Sweden from EQT, with Brookfield taking majority ownership and local operator Broadgate as joint venture partner.
- • The portfolio, located in Greater Stockholm and Mälardalen regions, comprises modern warehouses, light-industrial properties, and last-mile logistics facilities with high occupancy rates anchored by blue-chip tenants.
- • Brookfield deployed its Private Real Estate Solutions strategy (BRES) for the recapitalization, with Broadgate reinvesting alongside Brookfield, demonstrating confidence in the asset quality and regional market fundamentals.
- • The transaction reflects continued institutional capital deployment into European light industrial and logistics infrastructure, driven by e-commerce and last-mile delivery demand in high-density markets.
Summary
Latham & Watkins' Private Equity Real Estate Solutions team advised Brookfield Asset Management on a joint venture acquisition of a significant light industrial portfolio in Sweden, closing on December 2, 2025. The deal involves the purchase of 33 modern light industrial assets spanning 144,000 square meters from EQT Real Estate, with Brookfield acquiring majority ownership while partnering with Broadgate, a local operating company that has managed the portfolio historically and is reinvesting capital alongside Brookfield.
The portfolio is strategically positioned in two of Sweden's most economically dynamic regions: Greater Stockholm and Mälardalen. The assets predominantly comprise warehouses, light-industrial facilities, and last-mile logistics properties characterized by high occupancy rates. The tenant base is diversified and includes several established blue-chip companies, providing revenue stability and downside protection for the acquirer.
The transaction demonstrates Brookfield's continued focus on European real estate infrastructure through its Private Real Estate Solutions (BRES) strategy, which targets resilient, cash-generative assets in developed markets. By involving Broadgate—the portfolio's incumbent operator—as a joint venture partner with reinvestment rights, the deal structure aligns management incentives with long-term value creation and leverages established operational relationships in the local market.
The Latham transaction team was led by Private Equity Real Estate Partner Otto von Gruben, alongside associates Ivo Wanwitz, Christopher Cox, Sebastian von Hornung, Marie-Christine Welp, and Astrid Preuss. Finance advice was provided by associates Anna-Maria Kuckerz and Verena Birke. This engagement underscores the complexity of cross-border real estate acquisitions requiring coordinated legal and financial structuring across multiple jurisdictions.
The deal reflects broader institutional investor appetite for last-mile logistics and light industrial assets in Northern Europe, driven by secular e-commerce growth and supply chain regionalization trends.
The portfolio is strategically positioned in two of Sweden's most economically dynamic regions: Greater Stockholm and Mälardalen. The assets predominantly comprise warehouses, light-industrial facilities, and last-mile logistics properties characterized by high occupancy rates. The tenant base is diversified and includes several established blue-chip companies, providing revenue stability and downside protection for the acquirer.
The transaction demonstrates Brookfield's continued focus on European real estate infrastructure through its Private Real Estate Solutions (BRES) strategy, which targets resilient, cash-generative assets in developed markets. By involving Broadgate—the portfolio's incumbent operator—as a joint venture partner with reinvestment rights, the deal structure aligns management incentives with long-term value creation and leverages established operational relationships in the local market.
The Latham transaction team was led by Private Equity Real Estate Partner Otto von Gruben, alongside associates Ivo Wanwitz, Christopher Cox, Sebastian von Hornung, Marie-Christine Welp, and Astrid Preuss. Finance advice was provided by associates Anna-Maria Kuckerz and Verena Birke. This engagement underscores the complexity of cross-border real estate acquisitions requiring coordinated legal and financial structuring across multiple jurisdictions.
The deal reflects broader institutional investor appetite for last-mile logistics and light industrial assets in Northern Europe, driven by secular e-commerce growth and supply chain regionalization trends.
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