NREP together with TAM Group acquires Brunna Park in Stockholm


NREP Nordic Strategies Fund together with TAM Group acquires Brunna Park, a retail development project in Upplands-Bro, Stockholm. The seller is HSB Bostad.

 

NREP Nordic Strategies Fund, a fund managed by Nordic Real Estate Partners (NREP), has together with TAM Group acquired the Brunna Park retail site in Upplands-Bro from HSB Bostad. The site is located with excellent visibility from the E18 highway, making it easily accessible for commuters to and from Stockholm as well as for local residents. Following a recently adopted zoning plan, the area will undergo a major transformation including the development of the retail park on the acquired site as well as substantial residential developments on neighboring properties. Coop Forum and Biltema will be the first tenants to open their stores in Brunna Park and leasing is ongoing for additional development phases.

 

“We are pleased to enter this project together with TAM, to create a shopping destination for everyday goods which Upplands-Bro is currently lacking”, commented partner Tobias Alsborger from NREP’s Stockholm office.

 

For additional information please contact:
Nordic Real Estate Partners, Tobias Alsborger – tobias.alsborger@nrep.com, tel. +46 704 800 187
TAM Group, Andreas Philipson – Andreas.philipson@tamgroup.se, tel. +46 70 209 77 60

 

About Nordic Real Estate Partners (NREP):
A leading Nordic private equity real estate firm with a target of delivering the best risk-adjusted returns in the industry, by working with thematic value-add investment strategies. NREP has to date focused predominantly on modern logistics, necessity driven retail, self-storage and residential. NREP was established
in 2005 and has since inception raised eight funds and executed over 160 property acquisitions and developments in the Nordic region, of which 77 have been exited. NREP has a track record of success through the economic cycle, consistently outperforming relevant benchmarks every year and achieving an average +20% IRR on investment since inception, with no single year of losses. The firm currently has total assets under management of €2.2 billion. NREP employs more than 50 professionals across three offices in Copenhagen, Stockholm and Helsinki and is fully owned by its partners.

 

About TAM Group

TAM Group’s primary goals are value enhancements of real estate assets and to create attractive, sustainable urban environments. We do this by offering qualified services oriented toward real estate asset management and value enhancement; place management focused on urban development as well as the establishment and development of shopping destinations, gallerias, and malls. TAM Group consists of TAM Asset Management, TAM Hood Consulting, and TAM Retail.