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Nordic fund exceeds €325m target

by Andrea Waitrovich

Nordic Real Estate Partners has announced a final close for its Nordic Strategies Fund at the hard cap of €400 million ($496.22 million), exceeding its €325 million ($403.18 million) fundraising target.

The fund was oversubscribed, and the investor base is composed of 18 institutional investors from the United States and Europe, including several prominent financial institutions, endowments, public pension plans and family offices, together with the NREP partners and employees.

Nordic Strategies Fund invests predominantly in modern logistics, necessity-anchored retail and residential assets in large, established, growing Nordic cities, replicating the strategies of prior NREP funds.

The firm has begun investing its capital and has made 11 transactions. A recent acquisition was the purchase of Dixi, a 96,875-square-foot shopping center located in the heart of Tikkurila, a major district in the Helsinki metropolitan area and the third busiest

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