The project has been developed by Botvid Holding and is financed by NREP, which will remain as a long-term property owner and manage the apartments. The project comprises 599 rental apartments divided into three blocks, with solar cell parks on the roofs and a battery park.

– Once again, we are very happy to have been able to assist NREP with legal advice. This is an exciting project, to say the least, and we would like to congratulate NREP on another successful acquisition, says Daniel Jönsson, founder and Partner at Real.

NREP, founded in 2005, is a leading Nordic real estate investment firm focused on defensive value-add investment strategies in selected segments of the Nordic market. NREP has several times been ranked as the most consistently outperforming real estate investment manager worldwide. NREP manages in total 5.8 million square meters in Sweden, Finland, Denmark, Norway and Poland. Today NREP has just over 475 employees. Among the investors are some of the world’s largest pension funds, insurance companies and asset managers, who in their turn secure the future for millions of senior citizens and beneficiaries.

The firm’s team consisted primarily of Partner Daniel Jönsson and Tom Hofset, as well as Associates Ludwig Mild, Dione Shabo and Julia Westling.