The Real team advised NREP Logistics Property Fund with the acquisition of 49 logistics properties to form the seed portfolio of NREP Logistics Property Fund. The €1.1 billion portfolio is the largest logistics portfolio in the Nordics. Investors in the fund include local pension funds such as AP1, PFA Pension, DIP (Danske civil- og akademiingeniørers Pensionskasse), JØP (Juristernes og Økonomernes Pensionskasse), and Lægernes Pension as well as international institutional investors such as Allianz and Helaba Invest. The transaction was completed in April 2017.
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 Partner Mikael Laag, Patrik Lilieblad and Associates Caisa Carlsson, Charlotte Winberg and Carl Svensson.