Nordic Strategies Fund III’s €900 million Fundraising

Goodwin advised on the transaction

NREP closed its Nordic Strategies Fund III at €900 million. The fund will focus on providing better real estate products to select underserved groups of users, including students, young professionals needing flexible affordable living, young families, active seniors seeking connectedness and seniors in need of more assisted living. The fund will also service the growing need for efficient logistics buildings around the Nordic capitals and main infrastructure corridors. The investors in the fund are mainly pension funds, insurance companies and sovereign wealth funds from the Nordics, Europe, US and East Asia.

NREP has already secured investments using 25% of the fund. In addition to single property investments, NREP is also working in close collaboration with state and municipal partners on strategic mixed-use projects.

NREP is a leading Nordic real estate firm focused on defensive value-add investment strategies in select segments of the Nordic market.

The Goodwin team was led by partner Samantha Lake Coghlan (Picture) and included partners Brynn Peltz and Paul Lyons; counsel Glynn Barwick and Colin Baker; and associates Alan Skerritt, Niall Dick and Adam Aramati.

Involved fees earner: Samantha Lake Coghlan – Goodwin Procter; Brynn Peltz – Goodwin Procter; Glynn Barwick – Goodwin Procter; Paul Lyons – Goodwin Procter; Colin Baker – Goodwin Procter; Alan Skerritt – Goodwin Procter; Niall Dick – Goodwin Procter; Adam Aramati – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: NREP;