Areim AB has achieved a final closing for its latest value-add Nordic real estate fund, Areim Fund IV, with €685 million ($755 million) in commitments, including €150 million ($165 million) in co-investment capital.
The fund targets well-located and under-invested properties throughout the Nordics, leveraging Areim’s in-house asset management to add value through redevelopment and repositioning.
Investors in the fund include public and private pension funds, insurance companies, sovereign wealth funds, foundations, asset managers, and fund of funds from Europe, Asia and the Middle East.
