(Oslo, February 25th, 2020) NRP Fund VIII is fully invested in a diversified pan-Nordic real estate portfolio with an overweight on logistics. The fund had a target size at NOK 1,500 million and was oversubscribed and closed at NOK 1,600 million. NRP has launched Fund X with a similar core-plus strategy and raised more than the fund target size at NOK 1,500 million.
NRP manages several funds, with a core-plus strategy and a diversified real estate portfolio across all the Nordic countries and with both office and logistics properties.
Downside protection is based on long-term investments with semi-annual distributions, providing attractive risk-adjusted investor returns. Last year, NRP also established a fund structure with Allianz and CBRE GIP.
“2019 was an active year for our funds. Our business model enables us to divest and secure profits for our investors when opportunities arise. During the year, we have acquired and realised both stand-alone assets as well as a portfolio,” says CEO Ove Christian Norheim.
At the start of 2020, NRP reports the following status for Funds VIII, IX and X:
- Fund VIII (est. 2018) had a target size of NOK 1,500 million and was oversubscribed and closed at NOK 1,600 million, the fund is now fully invested with a portfolio of long-term lease agreements with solid tenants and modern buildings.
- Fund IX (EUR 450 million) established as a core fund backed by Allianz and CBRE GIP, the portfolio consists of eight logistics properties in the Nordic region acquired from previous NRP funds.
- Fund X launched, target size NOK 1,500 million reached and two investments in place, the fund has a hard cap at NOK 2,000 million.
NRP is an Oslo-based, Nordic real estate alternative investment manager. NRP is one of the largest non-listed real estate fund managers in the Nordics.
NRP Asset Management AS
Tel: + 47 23 11 58 84
Mobile: +47 99 40 44 77
About Ness, Risan & Partners (NRP)
NRP Group is an independent and privately owned investment services and fund management group headquartered in Oslo, Norway. Since 2000, NRP Group has completed nearly 230 commercial real estate transactions (acquisitions and realisations) in the Nordics and delivered consistent returns to its investors.