Alma completes raising capital for Fund II
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2 October 2019
Alma Property Partners raises over €250 million of equity for Fund II
Alma Property Partners has raised €255 million of equity capital for Alma Property Partners II, the firm’s second pan-Nordic opportunistic real estate fund, exceeding the target of €250 million. Alma’s second real estate fund focuses on commercial and residential property investments in Sweden, Finland, Denmark and Norway. The investors are mainly institutions from Sweden, Germany, Belgium and the United Kingdom. The fund has an investment capacity of more than €600 million.
“Reaching the target for Fund II is a major milestone for the organization. The new capital has allowed us to continue building the team and open a new office in Copenhagen. We are grateful to all of the investors from Fund I who continue to support us and we welcome the new investors,” says Sloan Wobbeking, Partner & CEO at Alma Property Partners.
Alma’s second fund has already completed over ten acquisitions across four investment strategies, including the acquisition of Sivia Torg, an extensive future development in central Uppsala.
“We have made considerable progress since founding Alma five years ago. Fund II is about twice the size of Fund I and we are off to a strong start from an acquisition perspective. We continue to see attractive opportunities where our ability to work actively with the properties in close cooperation with our asset management partners is an important part of the strategy,” says Simon de Château, Partner & CIO at Alma Property Partners.
The establishment of Alma Property Partners II AB was advised by Probitas Partners as placement agent and Roschier as legal counsel.
About Alma Property Partners
Alma Property Partners is a real estate investment company focused on the Nordic Region. The company is built on the principles of active ownership and strong alignment with investors and is therefore fully owned by senior team members that work actively within the company. The team has extensive experience and a strong track record in Nordic real estate investment and asset management. Alma Property Partners aims to become the leading Nordic real estate investment company and the partner of choice for institutional investors seeking real estate exposure in the Nordic Region. For more information, please visit almaproperty.se.