The Real Estate Investment Funds team advised Urban Partners’ Northern European real estate business NREP on closing of NREP Nordic Strategies Fund V SCSp which has raised in excess of €3.6 billion, making it the largest European focused value-add real estate fund to date, thanks to NREP’s proven strategies, pipeline, geographical focus and ESG leadership.
The new Fund is the fifth and largest vintage in the NREP Nordic Strategies Fund (“NSF”) value-add series and the vast majority of the commitments to the Fund came from existing Urban Partners’ investors, with the total investor make-up being globally diversified, predominantly comprising pension funds, insurance companies, and sovereign wealth funds. The Fund was significantly oversubscribed and had an aggregate demand from investors exceeding €4.2 billion. Through NSF V, NREP invests to address underserved real estate segments across the Nordics and selected Northern European markets. The focus is on residential rental properties, modern logistics facilities, care homes and offices, where the company can create value through customer-centric and decarbonising solutions.
NREP is a real estate investor committed to driving real change in the industry to benefit people and planet. Taking a holistic, long-term approach when investing across real estate segments, primarily residential, logistics, care homes and offices, NREP is recognized for its ability to reimagining the built environment, including several large-scale neighborhood developments. The company manages 8 million square meters of real estate projects across Denmark, Finland, Sweden, Norway, Poland, and Germany, and has more than 400 employees across Europe working towards decarbonizing its real estate portfolio by 2028. NREP is part of Urban Partners.
The Goodwin team was led by Samantha Lake Coghlan, Niall Dickson, Sam Newsome and Niresh Sri-Rajkumar with assistance from Glynn Barwick, Laura Charkin, Lisa Pearson, Karen Turk, Sonita Bennitt, Brynn Peltz, Greg Larkin, Patrick Menasco, Bibek Pandey, Paul Lyons, Carl Windrup, Ed Saunders, Renata Stephens and Oskar Wisniewski.
For additional details on the fund’s closing, please read the press release.