Nordic fund with USD 2bn cash targets bargain property deals

Sweden’s real estate crisis is proving a boon for a fund that’s preparing to deploy more of its USD 1.9bn cash balance snapping up properties from desperate landlords.

Claus Mathisen, CEO at Urban Partners. | Photo: Pr / Nrep

By Anton Wilen / Bloomberg

Nrep, a Nordic fund that’s part of the Urban Partners investment group, is looking to capitalize on heavily indebted firms such as Samhallsbyggnadsbolaget i Norden AB and Heimstaden Bostad AB as they race to divest properties they can no longer finance using expensive bond debt.

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Nordic fund with USD 2bn cash targets bargain property deals

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Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

World's best EMD team still waiting for clients to return to Danske AM

Storeband increases stake in Danish infrastructure manager to become majority owner

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Expansion of Nordic team has paid off: Inflows to all core products for US manager

Further reading

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New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager