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Laxman Pai, Opalesque Asia: Urban Partners, a capital pooling platform created by Nrep, Velo Capital, Luma Equity, and venture capital firm 2150, has raised €1.85bn ($2bn) for its open-ended core-plus Nordic real estate fund.
According to a media release from the platform created to house investment verticals across real estate, venture capital, private equity, and credit, the Nrep Income+ is an open-ended fund that has a long-term investment strategy mainly focused on modern logistics facilities, residential for rent, and care homes in the Nordics.
"As the largest ever Nordic core-plus fund, Nrep Income+ responds to a identified and significant opportunity across a region that, despite the rapidly changing global environment, is continuously benefiting from macro-economic trends such as increasing population growth, urbanization, GDP growth, and strong public finances," it said.
As a result, the fund provides investors with access to a high quality and diversified portfolio of real estate assets which deliver a robust income profile, the release added.
According to the company website, Nrep, the real estate investment business of Urban Partners, has a proven track record in sourcing opportunities through its local networks and leveraging its expertise within sustainability whilst taking a customer-centric approach to creating added value.
Rune Kock, CEO, of Nrep, said: "Nrep Income+ is well-positioned to capture opportunities arising from positive macr...................... To view our full article Click here
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