The property is located adjacent to the main highway in Hämeenlinna, a logistics hub strategically located about half way between Helsinki and Tampere, reaching all the main centers in southern Finland in less than two hours.”This investment has the defensive risk/reward balance that we look for and is fully in line with NREP’s strategy to acquire efficient generic logistics buildings with low re-letting risk located in prime well-established logistics hubs or corridors, says Jani Nokkanen, partner at NREP.
“This investment re-enforces NREP’s position as the largest owner of modern logistics space in the Nordics with a portfolio of over 550.000 sqm. Leveraging NREP’s existing platform and tenant relationships, the Nordic Strategies Fund will continue to actively invest in this undersupplied segment of the Nordic market”, says Rickard S. Dahlberg, CIO at NREP.
NREP Nordic Strategies Fund is a strategy-driven value-add fund that, in addition to modern prime logistics assets, also invests in necessity anchored retail and residential real estate in large, established growing Nordic cities, replicating the strategies of prior NREP funds. The fund recently had a first closing of €148 million.
”With this transaction, the NREP Nordic Strategies Fund has had an excellent start and secured transactions for more than €110 million within one month of its first closing”, says Mikkel Bülow-Lehnsby, CEO at NREP.
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