CBRE IM sells hotel property in central Oslo to Nrep

Norway Norway — Real estate investor Nrep has acquired Comfort Hotel Karl Johan, a 260-room hotel in the heart of Oslo, from CBRE Investment Management. Featuring a bar in the backyard terrace and fitness room, the hotel is centrally located within a 2-minute walk from Oslo Central Station and is surrounded by many of the city’s best shops and restaurants.

Nrep's conclusion for the office market: "Higher occupier demand in Copenhagen"

Nordic — The market situation, transaction prospects and the difference in the office segment across the Nordics were some of the things Nordic Property News reporter talked to Toke Clausen, Nrep's Head of Office, about during Mipim. He explain, among other things, why they are currently looking away from the Stockholm office market.

Logicenters signs new tenant to Kronoslätts logistics park

Sweden Sweden — A new tenant is now confirmed for Logicenters facility in Kronoslätts logistics park. The sustainable insulation company Ekolution is expanding its operations by taking over 11,500 sqm in an existing property. The move will take place during the second half of 2024.

Nrep acquires community property portfolio

Sweden Sweden — Nrep's community property arm, Altura, has signed an agreement with Besqab to acquire a community property portfolio at an underlying property value of a total of SEK 770 million. The deal includes three nursing homes, a preschool and tenements with a total lettable area of 15,200 square meters. The acquisition takes place via the Nordics' largest Core-plus fund Nrep Income+, which last year completed a successful third closing with approximately SEK 3.1 billion in added capital intended to take advantage of new investment opportunities.

Logicenters makes a major investment in Moss by acquiring Marine Trading

Norway Norway — Logicenters continues its commitment in Moss and has entered into an agreement with Gudmund Harlem to acquire the company Marine Trading AS. The transaction involves the acquisition of all nine logistics properties owned by Marine Trading AS in Moss, along with a significant land bank in Våler Næringspark.

Logicenters is developing an 8,000 sqm property for Puumerkki

Finland Finland — It has now been announced that Logicenters has acquired an 19,000 sqm plot near Helsinki Airport. In connection with the deal, Logicenters has also signed an agreement with Puumerkki Oy, which will lease the new property starting from the summer of 2025.

Logicenters and Evolutiq complete logistics transaction in Meckenheim for joint venture

Nordic — Together with Evolutiq, a Cologne-based investment and asset management company, Logicenters advised the acquisition of a plot of land for a logistics development in Meckenheim. The transaction was carried out for the joint venture established in Q3 2023 between Logicenters and a German family office. The closing of the transaction is planned for January 2024.

Nrep acquires hotel property in Copenhagen

Denmark Denmark — Nrep has bought the Comfort Hotel on Vesterbrogade in Copenhagen from a company associated with the American investment fund Starwood Capital.

Klövern set to develop new homes in Stockholm

Sweden Sweden — This year, Klövern has plans to start at least 800 homes in Kista. Now it may soon become relevant for additional housing in southern Stockholm. Nordic Property News takes a closer look at the situation.

Logicenters develops new property in Horsens

Denmark Denmark — Logicenters invests heavily in Horsens – develops 41,500 sqm and signs agreement with Royal Unibrew.

Logicenters makes acquisition in Eskilstuna

Sweden Sweden — Logicenters is now acquiring a warehouse facility in Eskilstuna with a total area of 71 600 sqm. The logistics company Logent – operating on behalf of Beijer Byggmaterial – will be the tenant in the property. The facility also includes a building right for an additional 27 000 sqm and is expected to be completed by the end of April 2024.

Nrep makes residential acquisition from SPG

Sweden Sweden — Nrep strengthens its presence in Bålsta, Håbo municipality, by acquiring 283 newly produced apartments with a high sustainability profile from Scandinavian Property Group (SPG). The acquisition is seen by Nrep as a good opportunity to increase its presence in the segment which, despite prevailing challenges, has strong demand driven by a long-term housing deficit.

Corem and Alm Equity seals the Klövern-deal with Nrep

Sweden Sweden — The deal that was communicated on July 3 between Nrep and Corem Property Group, Alm Equity and Broskeppet Bostad was carried out on Thursday, according to two separate press releases from Corem and Alm Equity.

Nrep acquires majority stake in Polish company

Nordic — Nrep acquires an 80 percent stake in 7R SA, one of Poland’s largest logistics developers. Nrep invests approximately EUR 200 million into the company.

Matthias Kettelhoit on logistics properties: "Absolutely no crisis - but we have passed the peak"

Nordic — According to Matthias Kettelhoit, Head of Logicenters, NREP's logistics platform, the pace of expansion of logistics companies will soon begin to slow down. At the same time, he sees no crisis in the logistics industry: "I don't think we have signed as many contracts as we did in the first half of 2023."

New capital-strong owner in place – this is the next step for Klövern

Sweden Sweden — Nrep are the capital-strong owners that Klövern sought after a tough start when, among other things, Corem was in a process of shedding off the housing segment, according to chairman Patrik Essehorn. At the same time, Corem, as one of the major owners, has been hit hard by extensive borrowing and high interest rates. Rutger Arnhult, Corem's CEO since a few weeks ago, tells Nordic Property News that Klövern will now be able to accelerate much faster than the company would otherwise have been able to do.

Nrep wants to change the industry through the purchase of Klövern

Sweden Sweden — Nrep flexes its muscles in the housing market by buying 51 percent of Klövern for SEK 2.5 billion. Now Nrep wants to turn the tide that housing construction has found itself in by making Klövern one of the largest housing companies in Sweden, Nrep's head of housing Rickard Langerfors says to Nordic Property News.

Nrep becomes the new main owner in Klövern – invests EUR 550 million

Sweden Sweden — Corem Property Group, Alm Equity and Broskeppet Bostad, which together own the housing company Klövern, have today agreed with the property investor Nrep on the sale of 51 percent of the shares in Klövern for approximately SEK 2.5 billion, including a dividend. NREP also undertakes to invest a further total of approximately SEK 4 billion in Klövern over time, through directed share issues.

NREP acquires EUR 420 million Swedish care home portfolio

Sweden Sweden — NREP has announced that its NREP NSF V Fund has completed the acquisition of a portfolio of 22 properties for approximately EUR 420 million across Sweden, for management by its social infrastructure platform Altura. The portfolio was acquired from Vectura and is comprised of 20 care homes and two pre-schools, and the deal represents Sweden’s largest ever transaction in this asset class.

Urban Partners Raises EUR 3.65 Billion for New NREP Fund

Nordic — Urban Partners raises more than EUR 3.6 billion for new NREP fund, the largest ever European value-add real estate fund.

Partner Leaves NREP

Finland Finland — Bids farewell to the company after 16 years.

Logicenters Builds 36,000 sqm for Frigoscandia in Hyllinge

Sweden Sweden — The new logistics property will be specially adapted for storing food in several temperature zones. The facility, which is expected to be ready in the last quarter of 2024, will be located in Hyllinge, just outside Helsingborg, in direct connection to both the E4 and E6.

Fund Giant Wins Land Permit in Competition with Heavyweights

Sweden Sweden — NREP's logistics company Logicenters has drawn the longest straw in a tender competition for an extensive food warehouse in Torslanda in Gothenburg. Nordic Property News tells more about the details of the venture and the tough competitors they managed to beat.

NREP Makes Portfolio Acquisition from S-Bank

Finland Finland — A residential property fund S-Bank Housing non-UCITS Fund, managed by S-Bank Fund Management Ltd has sold three residential properties to NREP.

Logicenters Signs Lease for Logistics Building with Vinhuset in Vestby

Norway Norway — At the Vestby Logistics Park, south of Oslo, NREP Logicenters has now signed a lease agreement with Vinhuset, which is owned by NorgesGruppen. The object of the lease is the 17,800 sqm logistics facility Stormåsan 42. Vinhuset expects to take up residence in September 2023.