Nordic real estate firm NRP has fully invested its seventh fund and has so far raised 鈧�50m for its latest fund.
The Oslo-based alternative investment manager said NRP Fund VII is now fully invested with a portfolio of 鈧�560m in Nordic commercial property, of which a large share invested in logistics.
Fund VII now has nine commercial properties in the portfolio.
Axel Wroll-Evensen, the head of business and development, said: 鈥淥ur strategy has been the same since we started our investments in the Nordic real estate market. We focus on long-term solid tenants, and attractive dividend yield.
鈥淲ith a long and proven track record within the Nordic real estate fund sector, NRP is well positioned to utilise future opportunities in the Nordic region.鈥�
Fund VIII was launched in November with the same strategy as previous funds. It has currently raised 鈧�50m and targets 鈧�200m capital raise.
Eirik Forthun, NRP鈥檚 fund manager, said: 鈥淲e expect the first 鈧�50m raised in Fund VIII to be fully invested during the first quarter as we are in the final process of buying assets creating a diversified portfolio based on segment, country and tenants.鈥�
