Urban Partners raises record EUR 3.6bn to buy Nordic property

Turmoil in Nordic real estate markets has started attracting interest from investors looking to take advantage of landlords shedding assets to weather a looming liquidity crunch. 
Claus Mathisen, CEO at Urban Partners. | Photo: Pr / Nrep
Claus Mathisen, CEO at Urban Partners. | Photo: Pr / Nrep
By Jack Sidders /Bloomberg

Urban Partners raised a record EUR 3.65bn (USD 3.9bn) for a fund targeting rental apartments, warehouses, care homes and offices, according to a statement from the private equity firm, which specializes in property in the region. The so-called value-add fund — a strategy focused on older properties in need of investment — is the largest of its kind focusing solely on Europe, the company said on Thursday.

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