Real advised NREP in a joint venture regarding residential development in Stockholm, whereby approximately 200 apartments will be developed in the areas of Hjorthagen, Hammarbyhöjden and Årsta. The joint venture has additional land allocation for approximately 250 apartments in Hagastaden. The transaction was completed in March 2018.
NREP, founded in 2005, is a leading Nordic real estate investment firm focused on defensive 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 110 professionals – of whom more than 65 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 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 Partner Mikael Laag and Associate Carl Svensson.
