Nordika expands backed by additional institutional capital
Nordika expands, backed by additional Swedish and Finnish institutional capital, and reaches EUR 50 million to target EUR 200 million of AUM in the Nordic Region.
Nordika was founded in 2011 by Jonas Grandér (ex. Lehman Brothers Real Estate Fund and ex-Doughty Hanson & Co Real Estate Fund) together with Gabriel Cronstedt (ex. Lehman Brothers Real Estate Fund and Lehman Brothers Mezzanine Fund). The founders, together with four blue-chip institutional investors, have now completed the equity raise.
Nordika was formed as a traditional property company that offers the investors simplicity, and transparency and yet with a strong focus on delivering attractive risk-adjusted return on invested equity.
Nordika has already acquired 21,000 sqm of office and retail in 2011 in two separate transactions. Nordika’s strategy is based on acquiring mainly income-generating properties where value can be added through active management, and the intention is to build up a portfolio with a total value of approx. EUR 200 million in Sweden, Denmark and Finland.
