Nordic fund manager Areim closes its largest fund to date

Areim, an independent Nordic property owner and fund manager, has completed the final close of its fifth Nordic value-add real estate fund, Areim Fund V, representing its largest fund to date.

The fund reached its target with €704 million ($756 million) in committed capital and an additional €173 million ($186 million) of co-investment capital. The investor base includes some of the world’s largest institutional investors from Asia, North America, the Nordic region and the rest of Europe.

Areim invests in structurally sound, underdeveloped real estate assets in established locations where the firm can add lasting value during its ownership. Areim Fund V will invest in value-add real estate with a focus on the light industrial, office and residential sectors across the Nordics.

“Although the fund is our largest fund to date, it is important for us to grow steadily with prudence, to keep our exceptional track record intact,” said Therese Rattik, CEO of A