NREP C-1 – Value Add – Logistics & Retail
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| NREP C-1 was launched late 2005 and invested by late 2007. The fund had a GAV target of €400m based on €100m of equity raised from a UK institution. The fund focused on value-add investments within logistics and retail in Sweden and Finland. 40% of the assets of the fund have been divested generating returns well above market benchmarks. |
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Pelican Self Storage – Opportunistic – Self Storage
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| NREP Pelican was launched early 2009 with a $100m commitment from a leading US pension fund and a US self storage operator. The fund was set-up to take advantage of the Nordic self storage market, which NREP identified as a suitable investment niche. The fund targets investments initially in Denmark and Finland and over time also in Sweden. The fund is currently 50% invested with 7 sites spread across Finland and Denmark. For more information please see pladstilalt.dk or tilaakaikelle.fi |
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NREP Retail 1 – Value Add - Retail
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| NREP Retail 1 was launched early 2009 with €10m commitment from a group of Nordic high net worth individuals. This represented a continuation of the value-add retail strategy originally developed in NREP C-1. The fund was fully invested in six smaller shopping centers in Sweden during 2009. Each of the centers underwent an optimization process during 2010 and the fund was fully exited to Kungsleden in December 2010 generating returns well above market by any measure. |
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NREP Logistics AB – Value Add - Logistics
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| NREP Logistics AB was launched in spring 2010 with a €170m commitment from 13 institutional investors from the Nordics and UK. The fund focused on acquiring and developing well located fully efficient modern logistics assests primarily in Sweden, Denmark and Finland, but also in Norway. The fund is 40% invested as of the end of 2010. For more information please see www.nreplogistics.se/ |
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