In addition to committed capital of EUR 140 million from domestic investors, the London-based capital advisory boutique Real Asset Partners has reserved subscription for the remaining EUR 20 million.
Already the fund, along with partners, have invested EUR 320 million in four logistic and commercial properties in Sweden, Norway and Denmark.
“Investor interest in our Fund VII exceeded all our expectations. Now, with four property investments already in place, we are working to invest another EUR 200 million in the Nordic property market, in line with our strategy,” says Axel Wroll-Evensen, partner at NRP.
As NRP often invites partners to invest alongside the Fund, NRP expects the underlying property value to exceed EUR 500 million. Currently, the investments consist of two properties in Sweden, one in Denmark, and one in Norway. All properties acquired during the fall of 2016, with a combined lettable area of more than 300 000 sqm, and with well-known companies Staples, Volvo, Tryg and Santa Maria as long term tenants. With an estimated yield gap of 3,5 percent, the Fund are in a good position to secure running dividends for investors.
NRP Invests EUR 500M in the Nordics
Norway — Oslo-based Nordic logistics real estate specialist NRP (Ness, Risan & Partners) plans to invest more than EUR 500 million in the Nordics as they are working on the final closing for Fund VII.
Maria Olsson Äärlaht[email protected]