NREP Nordic Strategies Fund I has acquired a retail development in Espoo, Finland
NREP Nordic Strategies Fund I, a fund managed by Nordic Real Estate Partners (NREP), has acquired a retail development of 2,600 sqm in the Niipperi area of Espoo, Finland. Espoo is one of the fastest growing municipalities in Finland and is located in the Helsinki Metropolitan Area. The original developer of the project is Sjaelso Finland Oy. Construction works will finish is spring 2016. The property is fully let to Kesko, a leading grocery retail group in Finland, with a long-term lease agreement.
NREP Nordic Strategies Fund I invests 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 approximately 800 million euros since inception in May 2014.
For additional information please contact:
Jani Nokkanen, partner, Nordic Real Estate Partners +358 45 122 8002