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ARTICLES TAGGED WITH "NREP"

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

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

Logicenters Builds 36,000 sqm for Frigoscandia in Hyllinge

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 — 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 — 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 — 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.

"Most Investors See no Insecurity with The Proximity to Russia"

Finland — NREP's CIO and partner Jani Nokkanen looks at the pros and cons as well as the hot and weak segments of the Finnish real estate market.

NREP’s Man in Finland: “We See Opportunities in the Polarized Office Market”

Finland — Joonas Lemström, Director and Country lead, Finland, at NREP, on the market signals during MIPIM, investment targets for the company in Finland, and the strategy on the transaction market.

Logicenters Signs New Lease in Staffanstorp

Sweden — Elbutik has signed a long-term lease with Logicenters to move into the state-of-the-art facility currently under development in Staffanstorp.

Logicenters Develops Property in Moss

Norway — NREP Logicenters has recently acquired 75 000 sqm in Moss, Norway. The plan is to start construction of 20 000–25 000 sqm.

Logicenters Leases to DS Smith in Pirkkala

Finland — Logicenters has developed its property in Pirkkala, Finland, which will be completed by the end of February. It has now been announced that international packaging company DS Smith will move into the facility as the tenant.

Logicenters Leases 13,000 sqm to Medical Cannabis Company

Denmark — Logistics real estate operator Logicenters continues to grow with its presence in the Copenhagen region. This time by signing a leasing agreement for 13,000 sqm in Køge with Bedrocan, a supplier of medical cannabis.

Logicenters Develops Facility in Vantaa for DSV Solutions

Finland — NREP's Logicenters buys land in Vantaa in the Helsinki region to develop an 11,000 square meter logistics facility for DSV Solutions.

NREP Promotes Toke Clausen to Partner

Nordic — Longstanding NREP member Toke Clausen’s valuable contribution as Head of Offices recognized as he is promoted to partner by the company.

NREP Buys from VVT

Finland — VVT has sold a retail centre property located in Kauniainen to a fund managed by NREP.

NREP Acquires Historic Helsinki Office Building

Finland — NREP announces the acquisition of the Eteläesplanadi 2 office building in Helsinki from Allianz. Eteläesplanadi 2 is a landmark building located next to the waterfront in Helsinki CBD.

NREP Ready for German Expansion – Here Is What they Are Looking for

Nordic — NREP takes a new step by making its first real estate investment in Germany. Rune Kock, Real Estate CEO at NREP, tells Nordic Property News about the first investment, what segments they will focus on in Germany, which locations he views as attractive for new acquisitions, the possibility of more JV investments and how the German operations will be run.

NREP Delivers World’s First Net Zero Emissions Logistics Building

Sweden — NREP delivers world’s first net zero emissions logistics building, without external offsets. The building will be located in Bålstad outside of Stockholm.

How NREP Wants to Turn the Tingbjerg Area Around

Denmark — The socially vulnerable area of Tingbjerg in central Copenhagen is to undergo change. With a holistic perspective and through partnerships with Danish public housing companies, NREP is working on a strategy to transform the district into an attractive place to live, explore and participate. Joanna Berg, Regional Manager NREP, tells Nordic Property News about the strategy.

NCC and NREP to Add Additional Residential Units in Espoo

Finland — NCC is continuing its partnership with NREP in the Niittykumpu district of Espoo, in the Finnish capital region. The parties have signed a contract for an additional 191 apartments, which will be the third phase in the area. The order value is approximately SEK 260 million.

NREP Sells Helsinki Office Property to Evli

Finland — A fund managed by NREP has divested an office property in Pitäjänmäki, Helsinki to Evli Rental Yield Fund (AIF) managed by Evli Fund Management Company Ltd.