Elvinger Hoss Prussen advised NREP Income+ Fund in connection with a new subscription line with a maximum facility size of EUR300 million provided by RBS International Luxembourg.
NREP is the largest real estate investment manager in the Nordics and ranked as one of the most consistently performing real estate private equity managers globally by Preqin.
NREP Income+ Fund is an evergreen fund that launched in September 2020 and is expected to reach EUR1 billion of commitments during Q1 2021. It is an open-ended, core-plus, Nordic real estate investment strategy, focussed on modern living, logistics and care homes. The facility is designed to provide operational flexibility to the fund and works seamlessly with the full suite of RBS International services, including banking, depositary and FX.
The team was led by partner Cintia Martins Costa.
