The London Real Estate Funds team advised NREP on the closing of its Nordic Strategies Fund III at €900 million. The fund will focus on providing better real estate products to select underserved groups of users, including students, young professionals needing flexible affordable living, young families, active seniors seeking connectedness and seniors in need of more assisted living. The fund will also service the growing need for efficient logistics buildings around the Nordic capitals and main infrastructure corridors. The investors in the fund are mainly pension funds, insurance companies and sovereign wealth funds from the Nordics, Europe, US and East Asia.
NREP has already secured investments using 25% 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.
Goodwin previously advised NREP on the closing of its €1.1 billion long-term capital Nordic logistics real estate fund and on the closing of its €1.7 billion NSF2 fund.
NREP is a leading Nordic real estate firm focused on defensive value-add investment strategies in select segments of the Nordic market.
The Goodwin team was led by partner Samantha Lake Coghlan and included partners Brynn Peltz and Paul Lyons; counsel Glynn Barwick and Colin Baker; and associates Alan Skerritt, Niall Dick and Adam Aramati.
For additional details on the fund, please read NREP’s press release.