NREP to Invest EUR 900M in the Nordics
NREP has established a EUR 900M fund to invest in underserved real estate segments in the Nordics, such as student housing, flexible living for young professionals, low- and middle-income rental apartments, active senior co-living, care homes, community retail centers and modern logistics.
NREP has already secured investments using 25 percent of the fund. In addition to single property investments, NREP is also working in close collaboration with state and municipal partners on strategic mixed-use projects.
“We have seen a surge in demand from investors and municipalities that share our belief that the real estate industry can do better. Providing real estate products that better address people’s needs, in particular addressing underserved user groups, is a massive opportunity to create more value for all stakeholders”, says Mikkel Bülow Lehnsby, CEO, NREP.
“Based on our team’s operational capacity we capped the fund’s size to EUR 900M, compared to a total investor interest of approximately EUR 2.3bn,” commented Rickard Dahlberg, CIO, NREP.
The investors in the fund are mainly pension funds, insurance companies and sovereign wealth funds from the Nordics, Europe, US and East Asia.
NREP was advised by Goodwin Procter LLP and Elvinger Hoss & Preussen.
Maria Olsson Äärlaht