Alma Property Partners sells light industrial and warehouse portfolio to Mileway

Alma Property Partners, through its entity Rexbo Industrihus, has divested eight light industrial and warehouse properties in greater Stockholm comprising ca. 27,000 sqm of lettable area to Mileway, the largest owner and operator of last mile logistics real estate assets in Europe.

Alma Property Partners, in co-operation with its asset management partner, acquired eight light industrial and warehouse properties in greater Stockholm through six separate acquisitions between 2018-2021. Most of the properties were acquired from private sellers in off-market transactions. During the ownership, significant leasing and development work was completed to further enhance the attractiveness of the portfolio. The properties are located in key logistics and industrial areas surrounding Stockholm.

“A number of years ago we identified the opportunity to roll-up a light industrial and warehouse portfolio in greater Stockholm. The demand for these kinds of premises is strong due to continuous supply constraints. We executed a labor-intensive acquisition strategy and created substantial value via active asset management. We are pleased to complete our first sale out of Alma Property Partners II and to deliver attractive returns to our investors,” says Mikael Pehrsson, Partner at Alma Property Partners.

Cushman & Wakefield and Kilpatrick Townsend advised the seller in the transaction.

About Alma Property Partners
Alma Property Partners is a real estate investment company focused on the Nordic Region. Alma Property Partners manages two opportunistic funds, Alma Property Partners I AB and Alma Property Partners II AB, with a total of ca. EUR 400 million in equity commitments. 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.

About Mileway
Mileway is the largest owner of last mile logistics real estate assets in Europe. It has a pan-European footprint, with 1,700 owned and managed assets across 10 major European economies. Mileway’s top markets of the UK, Germany, the Netherlands, France and Sweden represent over 80% of the portfolio, and it has a growing presence in the Nordics and Southern Europe. Mileway is headquartered in Amsterdam and has a dedicated team of over 360 employees.