Real advised NREP with the acquisition of an elderly home under construction in Masmo, Huddinge, from SHH and Balder. The elderly home will comprise of approximately 79 apartments with 6,000 sqm rentable area. The transaction was completed during Q3 2018.
NREP, founded in 2005, is a leading Nordic real estate investment firm focused on creating value-add investment strategies in select segments of the Nordic market. NREP is ranked as the most consistently outperforming real estate investment manager worldwide. Full teams and offices were set up from inception in Denmark, Sweden and Finland, and the first fund was launched in 2006. Since then the company has raised a total of twelve funds and established a team in Norway. Today NREP is a team of more than 150 professionals. The firm is still fully owned and managed by its Partners, which has grown from the original three to a broad strong team of eleven. Their investors include some of the world’s largest pension funds, insurance companies and wealth managers, who in turn safeguard the future and assets of millions of pensioners and benefit holders.
The firm’s team consisted primarily of Partners Mikael Laag, and Associates Johan Asklund and Björn Oswaldson.