Alma raises €160 million for fourth Nordic real estate fund

Recent work|October 28, 2026

Roschier advised Alma Property Partners on the first close of Alma Fund IV, a diversified Nordic value-add real estate fund targeting €500 million in equity capital.

Alma Property Partners has held a first close of €160 million for Alma Fund IV (Alma IV), the firm’s fourth diversified Nordic value-add real estate fund. The first close was supported by seven existing institutional investors from the Nordics and Germany, all of which have invested in Alma’s prior funds – reflecting strong continuity and investor confidence in the platform.

Alma IV is targeting total equity capital of €500 million and represents the next step in the continued growth of Alma’s Nordic investment platform. The fund has already commenced investing, having launched three light industrial aggregation strategies focused on Greater Stockholm, Greater Malmö and Greater Helsinki, while also actively pursuing investments in the residential and hotel sectors.

Roschier advised Alma Property Partners with a team consisting of Fredrik Mandelholm, Demira Hajdarevic, Sohail Niknejad, David Sellberg, Mica Altin Borg, and Björn Hård af Segerstad.