On Thursday, Finnish investment and asset management company, Trevian, announced that it is teaming up with H.I.G. as the company acquires a retail portfolio in Norway. This portfolio consists of 16 predominantly grocery store anchor retail assets. Trevian will act as a local asset management partner
Reima Södervall, CEO of Trevian, commented:
“We are pleased that our co-operation and relationship with H.I.G. continues to grow and we had the possibility to enter to the Norwegian real estate investment markets together with them. After one successful year of co-operation in Finland, we are grateful for the continuation of trust towards Trevian.”
Last year, Trevian, together with UK & German based Cording Real Estate Group, announced a joint venture with H.I.G. to purchase an app. €107 million retail portfolio in Finland from a fund managed by AXA Real Estate Investment Managers. The portfolio comprised of 123 retail assets located across Finland consisting predominately of grocery stores.