N A S Invest launches €1b core-plus JV in Denmark
Investor and asset manager N A S Invest Group (N A S) is expanding its business into the Nordic region. In partnership with a multifamily office serving prominent Danish business owners, the Frankfurt-based company has established a new joint venture based in Copenhagen with the medium-term objective of building a diversified real estate portfolio in the northern European countries.
The launch of a Luxembourg RAIF with an investment volume of around €1 billion ($1.22 billion) is planned. The capital will be raised and managed through a Luxembourg-based reserved alternative investment fund (RAIF) structure, the launch of which is currently in preparation.
Investments will be principally in core-plus properties within the office, retail and logistics asset classes and with a geographical focus on Denmark, Sweden, Norway and Finland.
In the view of the joint venture partners, the real estate market within the Nordic countries remains highly attractive for investo