Nordic Real Estate Partners (NREP) has collected €1.9 billion ($2.2 billion) for its Nordic Strategies Fund IV, making it the largest Nordic real estate fund ever.
The vehicle will address underserved real estate segments across the Nordics, with a main focus on various forms of customer-centric residential rental properties, care homes and modern logistics.
More than 40 percent of the fund’s capital has already been deployed, according to NREP. These initial investments include 12 care homes, primarily in Sweden, as well as a number of sustainable residential investments such as net-zero energy apartments near Stockholm. NREP has also established a new joint venture with Oslo House in Norway to acquire and develop residentials. The fund also includes several logistics investments in Finland, Norway, Denmark, and Sweden, where NREP is creating the largest rooftop solar system in the Nordics.
“Our approach to real estate addresses structural needs that do n
