NRP Sells Logistics Portfolio to GLL
Norway Ness, Risan & Partners (NRP) sells logistics portfolio in Finland to GLL, a Munich based real estate fund manager group. The purchase was backed by South Korean investors.
“It has been a long process to negotiate and complete this portfolio transaction. However, we are very pleased with the outcome”, says Head of Transactions with NRP, Knut Ekjord.
The portfolio was acquired by NRP in April 2015, and included in NRP Fund VI as a long-term investment. Wilfast Förvaltning AB has been the property manager.
“After having increased the portfolio from four to five properties we perceived a strong buying interest in the Finnish market and due to the considerable return on investment, as well as our ability to source new deals, we decided to sell”, says Fund Manager with NRP, Eirik Forthun.
JLL acted as the buyers commercial advisor.