Press release -
SNRE II raises target size following second closing
Storebrand Nordic Real Estate Fund II (SNRE II) completed its second closing on 19 December 2025 and is now increasing its target size to a level closer to the fund’s hard cap of EUR 500 million. Two and a half months after the fund’s launch, more than 80 per cent of the available capital has already been invested.
Since the fund’s inception in October 2025, approximately 90 per cent of the original target size has been reached. The strong capital raising means that the fund enters 2026 with a solid capital base and clear momentum in its investment activities. In light of strong investor interest and ongoing discussions with both existing and new investors, the fund’s target size has been increased to a level closer to the hard cap of EUR 500 million.
- The strong demand for SNRE II shows that investors value our long-term Nordic strategy. Reaching almost the entire original target size in a short period of time is a clear sign of strength, says Henrik Bastman, Portfolio Manager for SNRE II and branch manager of Storebrand Real Estate Sweden.
High investment pace
SNRE II has already invested more than 80 per cent of the available capital from the two completed closings. With the team’s proven execution capability, favourable conditions are in place to continue building a high-quality Nordic real estate portfolio in line with the fund’s investment strategy. The expected annual return for the completed investments is at the upper end of the target range.
- Our high investment pace reflects our ability to identify attractive transactions through a strong and well-established network, with 75 per cent of the number of investments sourced off-market. We have a relevant pipeline and see good opportunities to continue investing in line with the fund’s strategy, with logistics and social infrastructure as the next priority, Bastman adds.
Since mid-year, the SNRE strategy has invested in more than 1,800 residential units corresponding to approximately 110,200 square metres, with a total value of EUR 420 million.
Broad Nordic investor base with Storebrand as anchor investor
Storebrand is the anchor investor in SNRE II. The backing from Storebrand, one of the Nordic region’s leading institutional asset managers with extensive experience in sustainable real estate investments, has contributed to strong momentum and broad institutional interest. In addition to Storebrand, the investor base consists of established Nordic institutions, with investors from Sweden, Denmark, Norway, and Finland.
About Storebrand Nordic Real Estate Fund II (SNRE II)
SNRE II was established in October 2025 and invests in attractive, well-located core-plus assets with long-term potential in sectors benefiting from structural tailwinds. To date, investments have primarily focused on the residential segment, but the fund’s overall strategy is built on diversification. Going forward, the fund will also invest in other sectors, with a particular focus on logistics and social infrastructure.
SNRE II is based in Luxembourg and offers flexible legal ownership structures tailored to different types of investors. Storebrand Real Estate manages a property portfolio of approximately EUR 9 billion, consisting of more than 250 buildings and over 2 million square metres of lettable area. The real estate team comprises more than 80 professionals across the Nordic region.
Disclaimer: This is marketing material intended for professional investors only. Any investment involves risk. Past performance is not a reliable indicator of future results. The value of investments may increase or decrease and investors may not recover the full amount invested. Further information, including the fund prospectus and relevant legal documentation, is available upon request. Sales & Distribution - Storebrand Asset Management
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Storebrand Asset Management is part of the Storebrand Group, managing over NOK 1500 billion of assets for Nordic and international clients.
