NREP Acquires in Stockholm

Sweden Sweden — NREP acquires office properties at Stora Essingen and at the same time signs contingent agreement for transfer to JM.

NREP Sells Back Karlastaden to Serneke

Sweden Sweden — NREP sells its 50 percent share of the Karlastaden development project in Gothenburg back to Serneke.

Zalando Establishes Fulfillment Center in Stockholm

Sweden Sweden — Zalando successfully completed its location search to open its first Nordic fulfillment center in Sweden later this year. Together with the developer NREP Logicenters, Zalando will build a fulfillment center in Brunna, situated in the county of Stockholm. To meet the demand of the Nordic customers, and to further penetrate the market, investing in convenience is crucial. The first parcels are set to leave the fulfillment center later this year.

NREP Acquires a Large Plot of Land in Copenhagen

Denmark Denmark — NREP Nordic Strategies Fund I has acquired a large plot of land at Enghave Brygge in the South Harbor of Copenhagen from the Swedish developer JM. The purchase price is MDKK 230 (€31M).

NREP Logicenters Secures More Than 277,000 sqm of new Prime Logistics Space Across the Nordics

Nordic — Nordic Real Estate Partners (NREP) has purchased six logistics properties totaling 223,500 sqm. In addition to this, 53,60 sqm are under development and due for completion on a pre-let basis during Q1 2016. All the assets are located in key logistics hubs in Sweden, Denmark and Finland.