NREP Nordic Strategies Fund acquires property in Finland 03 June 2014

NREP Nordic Strategies Fund, the pan-Nordic fund advised by real estate investment manager Nordic Real Estate Partners has acquired 52,000 m2 of modern logistics property in Hämeenlinna, Finland. The property was acquired in a sale-and-leaseback transaction from Huhtamäki Oyj, a packaging company. The transaction is the fund’s first acquisition in Finland.

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 centres in southern Finland in less than two hours.

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 €148.0 million. NREP is the largest owner of modern logistics space in the Nordics with a portfolio of over 550,000 m2.