NREP Nordic Strategies Fund I acquires Finnish retail portfolio

Avance advises NREP Nordic Strategies Fund I, a fund managed by Nordic Real Estate Partners (NREP), in the acquisition (and related financing arrangements) of a Finnish retail portfolio from Foreningen european retail, a real estate fund based in Denmark.

NREP Nordic Strategies Fund I invests predominantly in retail, logistics and residential properties in the Nordic region. The fund is backed by leading Nordic and international institutional investors and has invested and committed over EUR 700 million since inception in May 2014.