Areim announces final closing of its fifth fund with EUR 877 million in committed capital12 January 2023
Areim has completed the final close of its fifth Nordic value-add real estate fund, Areim Fund V, reaching its target with EUR 704 million in committed capital and an additional EUR 173 million of co-investment capital. The investor base of 14, includes some of the world’s largest institutional investors from Asia, North America, Europe, and the Nordics. Areim Fund V is Areim’s largest fund to date.
Areim Fund V will invest in value-add real estate with a focus on the light industrial, office, and residential sectors across the Nordics.
“We are very proud and grateful for the trust we have received from our existing and new investors. Although the fund is our largest fund to date, it is important for us to grow steadily with prudence, to keep our exceptional track record intact. With the completion of the fundraise for Fund V, we have capital ready to be deployed to capitalise on the current market opportunity and a dedicated team that is keen to deliver long term value to all our stakeholders”, says Therese Rattik, CEO of Areim.
Areim’s agile investment strategy has allowed it to successfully invest across market cycles over the last two decades. To hedge downside risk, Areim invests in structurally sound assets in established locations. With multi-dimensional business plans, Areim maintains the flexibility to adapt property uses to changing market environments and shifts in demand.
The establishment of Areim Fund V was advised by Evercore and Andulf Advokat.
For more information, contact:
Helena Skarle, Head of Communications
+46 733 67 66 82