Swedish asset manager Areim is looking to extend its reach across the Nordic region following the appointment of two senior investment professionals.
Julia Mejegård and Markus Laine were appointed in April following the first closing of Areim Fund III, which has a target investment volume of €4 bn. The company raised around half the capital at its first close in December and is anticipating a final close later this year. The investors include Allianz Real Estate and the Fourth Swedish National Pension Fund (AP4).
Mejegård was previously a partner at Stockholm-based Leimdörfer, where she worked in transaction advisory and real estate related corporate finance, and brings extensive knowledge of the Scandinavian real estate industry. She will be speaking at PropertyEU's Nordics investment briefing in London on 3 June.
Laine was recruited from SRV Group plc and is based in Helsinki with a brief to help establish Areim's business in Finland, where Areim Fund III has a discretionary mandate.
Since being founded in 2003 as a local operating partner for Blackstone Group, Areim has grown to become a major partner for inward investors in the Nordics. The Areim Fund I was created in 2007 with a capital base of SEK 2.1 bn and an eight-year fixed life, and has acquired office, retail and residential properties across Sweden.
The Areim Fund II has a total investment volume of SEK 6-7 bn and is backed by investors including Singapore's sovereign wealth fund GIC, Dutch pension fund APG and AP4.
Areim Fund III will look to make value-add investments in the form of office repositioning, retail investments and residential development across the Nordic countries over 12 years, with a three-year investment horizon.
PropertyEU's Nordics Investment Briefing is taking place at Strutt & Parker's offices in London on 3 June. Participants include representatives of Catella, AREIM, PATRIZIA Immobilien and Aberdeen Asset Management. To find out more or register for your place please visit our Events page.
