The Real Estate Investment Funds team advised leading pan-Nordic real estate investment manager, NREP, on the establishment of its multi-strategy real estate fund, NSF IV which has raised €1.9bn.
The fund will target real estate segments across the Nordics, with a main focus on various forms of customer-centric residential rental properties, care homes and modern logistics. The fund’s size, which is the largest Nordic real estate fund ever, reflects the depth of the structural supply-demand imbalances that NREP seeks to address. NREP has already committed more than 40% of the fund’s capital and the company’s qualified pipeline exceeds the fund’s remaining capital. The fund was capped to match the investment opportunity and demand from investors significantly exceeded the fund’s capacity.
Goodwin previously advised NREP on the its long-term capital Nordic logistics real estate fund, the NSFII fund and it’s €900 million NSFIII fund.
NREP is a vertically integrated real estate product developer, investor and operator that seeks to make real estate better. Since inception in 2005, NREP has built market leading operating platforms in modern logistics, self-storage, community retail, student housing and middle-income residential. The firm currently has a real estate portfolio of €5 billion and employs over 250 professionals across its main offices in Copenhagen, Stockholm, Helsinki, and Oslo.The Goodwin team was led by Samantha Lake Coghlan, Niall Dick and Sam Newsome with assistance from Glynn Barwick, Laura Charkin, Karen Turk, Sonita Bennitt, Brynn Peltz, Patrick Menasco, Bibek Pandey, Paul Lyons, Renata Stephens and Oskar Wisniewski.