RBS International Luxembourg supports NREP

Posted: 23/02/2021

RBS International Luxembourg has signed a subscription line with a maximum facility size of €300m with NREP Income+ Fund. 

NREP is one of the largest real estate investment managers in the Nordics. Its NREP Income+ Fund is an evergreen fund, launched in September 2020, that is expected to reach €1bn of commitments during Q1 2021. 

It is an open-ended, core-plus, Nordic real estate investment strategy, focused on modern living, logistics and care homes. 

The facility is designed to provide operational flexibility to the fund, alongside RBS International services including banking, depositary and FX. 

Nathan Mistry, Director at RBS International Luxembourg, commented: “This has been an interesting transaction as subscription facilities are still relatively uncommon for open-ended vehicles. We managed to structure a bespoke facility for the fund.”

RBSI Luxembourg was advised by Travers Smith as lead counsel and Wildgen as Lux law counsel for the transaction. NREP was advised by Reed Smith as lead counsel and Elvinger Hoss Prussen as Lux law counsel.

Add a Comment

  • *
  • *
  • *
  • *
  • Submit

It's easy to stay current with blglobal.co.uk.

Just sign up for our email updates!

Yes please! No thanks!