Nordic real estate group NRP fully invests seventh fund
Nordic real estate firm NRP has fully invested its seventh fund and has so far raised €50m for its latest fund.
The Oslo-based alternative investment manager said NRP Fund VII is now fully invested with a portfolio of €560m in Nordic commercial property, of which a large share invested in logistics.
Fund VII now has nine commercial properties in the portfolio.
Axel Wroll-Evensen, the head of business and development, said: “Our strategy has been the same since we started our investments in the Nordic real estate market. We focus on long-term solid tenants, and attractive dividend yield.
“With a long and proven track record within the Nordic real estate fund sector, NRP is well positioned to utilise future opportunities in the Nordic region.”
Fund VIII was launched in November with the same strategy as previous funds. It has currently raised €50m and targets €200m capital raise.
Eirik Forthun, NRP’s fund manager, said: “We expect the first €50m raised in Fund VIII to be fully invested during the first quarter as we are in the final process of buying assets creating a diversified portfolio based on segment, country and tenants.”