Pareto to introduce a listed light industrial real estate company to the Nordic market
Logistri Fastighets AB (publ), a newly established company has acquired a portfolio from Alma Property Partners comprising eight light industrial assets across southern Sweden.
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.
Logistri Fastighets AB is managed by Pareto (Nordic real estate AUM of approximately EUR 4 billion), that today manages approximately one million square metres in Sweden alone, whereof 40 per cent comprises logistic and light industrial assets.
- We are pleased to establish a light industrial company 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 Fastighets AB
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.
- This transaction underpins our strong ability to raise capital and act long term manager for interesting opportunities within the alternative investment space, says Stefan Gattberg, Head of Corporate Finance at Pareto
Cederquist acted adviser to the buyer and Kilpatrick Townsend & Stockton to the seller. Logistri Fastighets AB, is scheduled to list itself on the multi trading facility Aktietorget during October 2017.
For more information, please contact, Stefan Gattberg, Pareto Securities (+46 8 402 5122)
Pareto Securities AB is part of the Pareto Securities group. Pareto Securities is an independent investment bank focused on the Nordic market. Pareto Securities offers Nordic and non-Nordic institutions, companies and private individuals investment services related to trading in stocks, derivatives and fixed income instruments, equity research and advisory services within corporate finance. The Pareto Securities group has a total of more than 400 employees, with its headquarters in Oslo and offices in Sweden (Stockholm and Malmö), Norway, Denmark, Finland, United Kingdom, France, USA, Canada, Singapore and Australia.