Nordic fund manager Areim has announced the final close of its fifth Nordic value-add real estate fund, Areim Fund V, with €704 million in committed capital and an additional €173 million of co-investment capital.
Areim said Areim Fund V is its 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.
