Real advised Nrep on the acquisition of 524 rental apartments, allocated to two properties, from Magnolia Bostad. The acquisition includes the Ångloket neighbourhood in Knivsta and part of phase two in the Brogårdsstaden district in Upplands-Bro, both with sustainable rental levels and a high environmental profile. The Ångloket neighbourhood in central Knivsta consists of two blocks that will be completed and leased in 12 phases. The final phase will be completed in Q1 2025. In total, 412 modern, well-designed and space-efficient rental apartments with a total of 17,310 square metres will be built. The acquired homes in the emerging Brogårdsstaden district in Upplands-Bro comprise fully let residential blocks with a lettable area of 6,065 square meters spread over 112 rental apartments. They were completed in August 2022 and built with investment support.
Nrep, founded in 2005, is a leading Nordic real estate investment firm and part of the investment platform Urban Partners. With a holistic, long-term approach, Nrep invests across real estate segments in the Nordics and northern Europe, primarily residential, logistics, care homes and offices. Nrep has several times been ranked as the most consistently outperforming real estate investment manager worldwide. Nrep manages in total 8 million square meters in Sweden, Finland, Denmark, Norway, Poland and Germany, and has more than 400 employees across Europe. 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.
