NRP is planning to launch a new Nordic real estate fund, the manager said as it announced that its eighth vehicle has raised NOK1.6bn (€160m) at final close.
The Oslo-based manager said the amount raised by the core-plus NRP Fund VIII fund exceeded the initial NOK1.5m fundraising target.
The fund, which was launched in November 2017, has already completed eight investments in the Nordics, the manager said.
NRP’s long-term strategy and investment approach is to focus on the logistics sector.
Axel Wroll-Evensen, a partner and head of business and development, said: “Our strategy has been consistent since we started our investments in the Nordic real estate market.
“We focus on long-term solid tenants and attractive dividend yield. Since the fund is already well under way of establishing a solid portfolio, we plan to launch a new fund shortly.”
Eirik Forthun, a partner and fund manager at NRP, said: “Going forward, we will be using the same strategy and investment approach that has secured value for our investors so far, taking into consideration the risk of rising interest rates and keeping our eyes open for signs of a maturing market.
“We have an attractive pipeline of deals, and a network that provides for an optimistic outlook and opportunities for a strong and diversified portfolio in the coming year.”