Alma Property Partners (“Alma”) and Alea Partners (“Alea”) are continuing their partnership through a new joint venture backed by Alma Fund IV, Alma’s diversified Nordic value-add fund targeting €500 million in equity commitments. The joint venture has completed its first two acquisitions, comprising logistics and light industrial properties in Vantaa and Tuusula.
The continued partnership will focus on well-located logistics, warehouse and light industrial properties primarily across the Helsinki Metropolitan Area and surrounding municipalities. It builds on UrbanLight, the logistics and light industrial platform established by Alma and Alea in 2023 with the backing of Alma Fund III, the predecessor fund of Alma Fund IV. UrbanLight has since grown into a sizable Greater Helsinki portfolio, reflecting the partners’ shared strategy of acquiring well-located properties with opportunities for active asset management, development and operational improvement.
Source: Press release sent 18th of September