Scandinavia's greenest investor enters Poland

Leading real estate investor in the Nordic countries, NREP, wants to strongly mark its presence in the Polish warehouse and residential market. The Scandinavian investor, known for its innovative and responsible approach to its projects, will soon open an office in Warsaw. NREP has just finalized the purchase of a logistics portfolio of 130,000 sqm and over 1,000 new apartments in Warsaw.

"After 15 years of real estate presence in the Nordic countries, we have decided to enter other markets, and Poland will be the first non-Nordic country where NREP will invest. In our market philosophy, customer orientation and a sustainable approach to real estate, including the use of environmental solutions, are key. We believe that these values will be our significant advantage also for Polish partners and clients," Claus Mathisen, CEO and partner of NREP, said.

"At the same time, a key element in our business approach is having strong local teams that share our philosophy and ethics. An important step in the implementation of this strategy will be the establishment of NREP's Warsaw office, which should be up and running in the coming weeks and reach a headcount of 8-10 people by the end of 2021," NREP's CEO added.

NREP will also focus on logistics in Poland. Logicenters, a platform specialized in the warehouse segment, has 1.5 million sqm across Scandinavia and offers customer-oriented and sustainable logistics properties.

In the residential sector, the company intends to offer rental apartments, focusing in the initial phase on smaller, modern units designed for small households such as young professionals, singles, or couples without children. In its first residential transaction on the Polish market, it will take over 1,000 apartments from the offer of Finnish developer YIT. 

"We are happy that, together with NREP, we can shape the institutional rental market in Poland and thank our partner for the trust that has resulted in one of the largest transactions in the PRS (Private Rented Sector) sector in our region," Tomasz Konarski, President of the Management Board of YIT in Poland, said.

(WBJ)