NRP’s eighth Nordic real estate fund has raised an additional €33m at its second close and has acquired additional assets.
NRP Fund VIII, which raised €50m during the first close in February, has received the additional capital from Norwegian investors, the Oslo-based alternative investment manager said.
In total, Fund VIII has now raised around €86m and has a hard cap of €200m. The previous fund is fully invested with a portfolio of €560m in Nordic commercial property.
The manager said Fund VIII has also recently invested in six new-built logistics properties in Sweden. Three of the assets are to be ready early next year.
The properties are leased to Atea Logistics, Plantagen and Bring Frigo on long-term contracts.
Fund manager Eirik Forthun, said: “We are proud to grow our portfolio with these top modern logistics properties, built for the future. Further, this portfolio produces solid dividends to our investors, which is an important element in our strategy.”
Fund VIII was launched in November last year with the same strategy as previous funds. NRP’s long-term strategy and investment approach is to focus on the logistics sector.
The current portfolio for Fund VIII consists of eight properties located in Sweden and Norway.