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20-09-17

Alma Property Partners held its final close, raising over €140 million of equity for its first pan-Nordic opportunistic real estate fund

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Alma’s real estate fund focuses on commercial and residential property investments in Sweden, Finland, Denmark and Norway. The investors include institutions from Sweden, Germany, France and the United Kingdom. The fund has an investment capacity of €400 million.

“Completing our inaugural fundraise is an important and exciting milestone; we are very grateful to all of the investors who supported us,” says Sloan Wobbeking, Partner & CEO at Alma Property Partners.

Alma’s real estate investment activities are led by Partner & CIO Simon de Château. The fund is already over 60 percent committed having completed fourteen transactions across eight investment themes in the residential, retail, office, industrial and logistics sectors. The fund expects to be 75 percent committed by the end of 2017.

“We have been able to identify an abundance of attractive opportunities, allowing us to already deploy much of the fund. We continue to have a robust pipeline of compelling investment opportunities. We believe our focus on smaller transactions where we are able to unlock value through various active management strategies is a unique proposition to investors seeking exposure to Nordic real estate,” says Simon de Château, Partner & CIO at Alma Property Partners.

The establishment of Alma Property Partners I AB was advised by Probitas Partners and Roschier Advokatbyrå AB. “Alma represents another example of Probitas identifying and helping raise capital for a future leading franchise. Alma’s strong first fundraise and deployment demonstrates their capability to become a leading PERE franchise in the Nordics,” says Haakon Gresvig of Probitas Partners.