NREP raises EUR1.6 billion for largest ever core-plus Nordic fund
Nordic real estate investor NREP said on Wednesday that it has raised EUR608 million in additional funding for NREP Income+ (NIP), its open-ended fund aimed at long-term investments into modern logistics facilities, middle-income residential, offices and care homes. The second closing has grown the fund by 50%, taking the total funds raised to EUR1.6 billion, with two thirds of commitments comprising top-ups from existing investors, with the remainder from new institutions. As the largest ever core-plus Nordic fund, NIP provides...