Press release -
Alma Property Partners acquires industrial property in Tingsryd
Alma Property Partners completes the third transaction within the fund’s Industrial & Logistics investment theme. Seller is the Orthex Group.
The transaction comprises an industrial / warehouse property with an NLA of approximately 21,000 sqm, located in Tingsryd (southern Sweden). The property is fully leased on a 15 year lease with Orthex Sweden AB, a market leading European household plastics producer.
– “The property, which is one of Europe’s most efficient plastics production facilities, coupled with Orthex’ financial strength and future growth prospects makes it a strategic addition to the existing portfolio. We hope to continue developing the property and the relationship with the tenant going forward,” says Simon de Château of Alma Property Partners.
– “We are happy to be partnering with Alma Property partners, the new owner of our production facility in Tingsryd. This transaction it is a natural step in sharpening our successful growth strategy with a strong focus on developing our household goods business,” says Alexander Rosenlew of Orthex Group.
In total, Alma Property Partners has, in cooperation with P&E Fastighetspartner, acquired approximately 80,000 sqm within the Industrial & Logistics investment theme in 2016. Kilpatrick Townsend and PwC advised Alma Property Partners in this transaction, whereas Orthex Group was advised by Newsec and Bird&Bird.
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Alma Property Partners is a real estate investment company focused on the Nordic Region. The management of the company includes Simon de Château, Sloan Wobbeking, Christofer Lundquist, Robert Landtman and Jacob Annehed. The company was founded by a group of senior real estate professionals with backgrounds from leading Nordic real estate investment companies and it is built on the principles of active ownership and strong alignment with investors. 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.
