The Real team advised NREP in the acquisition of part of the project called Karlastaden in Gothenburg. As part of the transaction, a joint venture was formed between Serneke and NREP governing the parties’ long term co-operation, development and ownership of the project.
NREP, founded in 2005, is a private equity firm operating in real estate and real estate anchored business. NREP is ranked as one of the most consistently outperforming PERE managers 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 10 funds and established a team in Norway. Today NREP is a team of more than 100 professionals – of whom 56 are transaction or asset management 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 twelve. 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 Patrik Lilieblad and Mikael Laag together with Associate Johan Wrisemo.