Alma Sells to Pareto Company
Sweden Alma Property Partners has sold a portfolio comprising eight warehouse and light industrial properties in southern Sweden to Logistri, a newly established company managed by Pareto Securities. The portfolio includes a gross lettable area of 100,000 square metres. The properties are fully leased with a weighted average lease length of 15 years.
In connection to the transaction Pareto raised EUR 65 million, from primarily asset managers, foundations and high net worth individuals, on behalf of Logistri Fastighets AB.
“We are pleased to establish a light industrial scheme including high yielding real estate and long leases. The portfolio is diversified with well positioned tenants in market leading positions. Light industrial is an interesting sector where we believe we can find strong cash flow and growth combined,’’ says Ulf Attebrant, CEO at Logistri.
Cederquist and EY acted adviser to the buyer and Kilpatrick Townsend & Stockton to the seller.