Real advised NREP in the acquisition of the properties Ångtvätten 16, Tvålen 7, Tvålen 4 and Stora Essingen 1:4 at Stora Essingen in Stockholm from the Swedish Teachers’ Union. The properties contain approximately 19 000 sqm rentable area, mainly office and parking area. The intention of the acquisition is to own and manage the properties until a new zoning plan is approved. In connection with the acquisition, NREP also entered into a conditioned agreement with JM, where JM assumes the responsibility to achieve the new zoning plan and acquire the majority of the building rights once the zoning plan is obtained.
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 Partner Patrik Lilieblad as well as Associates Carl Svensson, Robin Skoglund and Ludwig Mild.
