Storebrand Nordic Real Estate Fund (SNRE) has made its first successful acquisition, with the purchase of a high-quality logistics asset located in Sweden. This initial investment sets the stage for Storebrand’s strategic expansion across the property sector in the Nordic region.
- The investment is a stellar beginning, perfectly aligned with SNRE’s core-plus strategy. It signals the launch of our pan-Nordic investment program, and we are well positioned to accelerate the pace of investment as the market evolves, says Henrik Bastman, Fund Manager of Storebrand Nordic Real Estate Fund.
SNRE is built around a Nordic core plus strategy, geographically spanning Sweden, Norway, Denmark, and Finland. The strategy, which encompasses a multisector approach, is currently focused on the logistics and living sectors. SNRE is also selectively evaluating office sector opportunities in the capital regions. Investment decisions are steered by factors such as initial yields, rental growth prospects, long-term structural themes, and sustainability considerations. The Nordic core plus strategy builds on Storebrand’s lengthy and leading experience with nationally-focused property investments in Norway, Sweden and Denmark.