Alma Property holds €140m final close for pan-Nordic fund

Alma Property Partners, a Sweden-based real estate investment company, has held a €140 million ($168 million) final close for its first pan-Nordic real estate fund, Alma Property Partners I. The fund has an investment capacity of €400 million ($480 million).

Alma Property Partners I is a value-added/opportunistic real estate fund that focuses its investments on commercial and residential properties in the Nordic Region, mainly in Sweden, Finland, Denmark and Norway.

The fund will invest a minimum of 50 percent of committed capital in Sweden with the remaining capital targeted for Finland, Denmark and Norway. It is already over 60 percent committed having completed 14 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 f