Pan-Nordic real estate investment manager NREP has held a final closing of NREP Nordic Strategies Fund II with an investment capacity of €1.7bn to be invested primarily in modern logistics, necessity driven retail and residential.
The investors in NREP Nordic Strategies Fund II (NSF2) include a broad range of Nordic, European and US blue chip institutions. With continued support from almost all investors of the predecessor fund, NSF2 quickly faced significant oversubscription from new investors. NSF2 will be replicating proven investment strategies of prior funds in the modern logistics, necessity-driven retail and residential sectors in Denmark, Sweden, Finland and Norway, but will also engage in new strategies such as student housing. The fund is already 35% committed and is expected to be more than 50% committed by the end of 2016.
The establishment of NREP Nordic Strategies Fund II fund was advised by Lazard LLC and Goodwin Procter LLP.
