Areim secures partnership with South Korea's National Pension Service

Nordic fund manager and property owner Areim announced a new strategic partnership with South Korea's National Pension Service (NPS). 

Leif Andersson

NPS, the world’s third-largest pension fund, will acquire a minority stake in Areim through its partnership with Townsend Group, a global real estate and real assets advisor to institutional investors. 
After this transaction, Areim will continue to operate as an independent real estate manager focused on the Nordic market. The current Areim team will retain full responsibility for managing the business and its operations. This ensures that Areim's senior management and partners remain fully dedicated to their investment funds and the company's long-term expansion.
David Kim, head of Real Estate Platform Investment Team at NPS, stated: “We are pleased to establish this strategic partnership with Areim. Their proven strengths and long-term vision align closely with our platform investment strategy, and we are confident that this collaboration will further support Areim’s continued growth as well as NPS’s long-term investment objectives.” 
Leif Andersson, founder of Areim, said: “We are delighted to welcome NPS and Townsend as strategic partners. They are ideal partners, and their investment supports our ambition to grow with continued independence and a clear purpose, while remaining closely aligned with our team, fund investors, and other key stakeholders. We look forward to the collaboration and the opportunities it will unlock for many years to come.” 
Anthony Frammartino, CEO and chairman of Townsend, commented: “We are excited to partner with the team at Areim. It has been a pleasure getting to know the firm better over the course of this transaction, and we are excited about what Areim can build over the coming years with the strategic capital and support from NPS and Townsend.” 
Henrik Brinck Landelius, CEO of Areim, added: “Areim continues to evolve, and as we do so, we also need to ensure that we have a solid platform to stand on. The partnership with NPS and Townsend will enhance our commitment to attract and retain the best talent in the market and strengthens our position as the preferred manager in our selected markets – driving innovation and excellence in everything we do.” 
Berkshire Global Advisors provided financial advice to Areim, and Andulf Advokat served as their legal counsel. Townsend was represented by Mannheimer Swartling, Keystone Law, and Deloitte.