UB Nordic Property Fund (AIF) sells the R&D property located in Ljungby, Sweden

UB Nordic Property Fund (AIF) has today signed a sales agreement for the R&D property located in Ljungby, Sweden. The buyer is the Swedish listed real estate investment company Emilshus AB. The UB Nordic Property Fund developed the property for Kalmar Solutions in 2017–2018 as part of a sale and leaseback arrangement. The sale price exceeds SEK 240 million, and the annual return on investment for the fund was approximately 13% (IRR).

Portfolio Manager Jaakko Onali:

“This is an excellent indication that the market, particularly in Sweden, is beginning to turn around. We saw now as the right time to sell due to the positive signs observed in Sweden. The sale price exceeds our valuation by several percent, which is why we will be looking to reinvest the capital in new properties, especially in Sweden and Denmark, where we aim to increase our market share.”

The strategy of the UB Nordic Property Fund is to invest in real estate assets offering stable returns in Finland and other Nordic countries. The fund’s investment targets include logistics and production properties, offices, commercial properties, and plots of land. The fund commenced operations in May 2016. As of December 2024, the fund’s total market value of properties amounted to EUR 508 million.

UB Nordic Property Fund is part of United Bankers’ family of real asset investment products, which include real estate and forest funds as well as funds investing in the shares of listed real estate and infrastructure companies.