Nordic real estate owner and fund manager Areim has completed the final close of its fifth Nordic value-add real estate fund, Areim Fund V.
Areim’s largest fund to date has achieved €704 mln in committed capital and an additional €173 mln of co-investment capital, provided by 14 leading institutional investors from Asia, North America, Europe, and the Nordics.
Areim Fund V will invest in value-add real estate with a focus on the light industrial, office, and residential sectors across the Nordics.
Therese Rattik, CEO of Areim, said: ‘We are very proud and grateful for the trust we have received from our existing and new investors. Although the fund is our largest fund to date, it is important for us to grow steadily with prudence, to keep our exceptional track record intact. With the completion of the fundraise for Fund V, we have capital ready to be deployed to capitalise on the current market opportunity and a dedicated team that is keen to deliver long term value to all our stakeholders.’
To hedge downside risk, Areim invests in structurally sound assets in established locations, while maintaining flexibility to adapt property uses to changing market environments and shifts in demand.
