NREP creates €1.1b Nordic logistics platform
NREP, a Pan-Nordic real estate fund manager, has created a €1.1 billion ($1.2 billion) Nordic logistics platform.
NREP has consolidated 49 modern logistics properties to form the seed portfolio of NREP Logistics Property Fund.
The €1.1 billion portfolio is the largest and most prime quality portfolio in the Nordics with a footprint in all the prime logistics hubs.
NREP Logistics Property Fund will take a strategic long-term approach to the Nordic logistics market and gradually grow the platform over time.
Investors in the NREP Logistics Property Fund include Sweden’s AP1, Denmark’s PFA Pension, DIP, JØP, and Lægernes Pension. Other investors include German institutions Allianz and Helaba Invest.
The portfolio will be managed by NREP’s logistics operating platform, Logicenters.