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Urban Partners holds €263m third close for Nordic fund
Fundraising - AUGUST 31, 2023

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Urban Partners holds €263m third close for Nordic fund

by Released

Urban Partners has raised a further €263 million ($286 million) for its open-end fund Nrep Income+, taking total equity raised to date to €1.85 billion ($2 billion).

Nrep Income+ is an open-end fund that has a long-term, core-plus investment strategy mainly focused on modern logistics facilities, residential for rent, and care homes in the Nordics. The largest-ever Nordic core-plus fund, Nrep Income+ responds to a clearly identified and significant opportunity across a region that, despite the rapidly changing global environment, is continuously benefiting from macroeconomic trends such as increasing population growth, urbanization, GDP growth and strong public finances. As a result, the fund provides investors with access to a high-quality and diversified portfolio of real estate assets which deliver a robust income profile.

“Nrep Income+ is well-positioned to capture opportunities arising from positive macro-economic trends in the Nordics, particularly as

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