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NREP sells the Nordic Living portfolio at a price of DKK 1.1bn to Heimstaden


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Details

The property fund Nordic Strategies Fund I managed by the Nordic real estate developer, investor and vertically integrated real estate operator NREP ("NREP") has sold eight residential properties to the Swedish property company Heimstaden at a total price of DKK 1.1bn.

The properties are spread all over the country and are located in Copenhagen, Aarhus, Vejle, Lyngby, Måløv and Frederiksberg. NREP has owned the residential property portfolio known as the Nordic Living portfolio since 2014.

"Isbjerget" in Aarhus district Aarhus Ø, "Horisonten I" and "Horisonten II" in Ørestad City, "Baunebo" next to Lyngby Sø and "Kanalfronten" in Vejle are among the sold properties which were constructed by PensionDanmark, from which NREP also acquired the Nordic Living portfolio.

Mads Berg, Claes Holm-Nielsen and Amalie Stougaard Christiansen advised NREP in connection with the transaction.


Contact

Mads Berg
Mads Berg

Associate Partner, Attorney-at-Law, MSc in Business Administration & Commercial Law

Mobile: +45 3078 5767
mads.berg@accura.dk