Storebrand raises target to nearly €500m after second fund closing

Storebrand Nordic Real Estate Fund II (SNRE II) completed its second closing in December 2025, raising its target size closer to its €500 mln hard cap. 

Henrik Bastman

Just two and a half months after its October 2025 launch, SNRE II has already invested over 80% of its available capital, demonstrating strong investor interest and robust investment activity. 
The fund has nearly reached 90% of its initial target size and is well-positioned for 2026, with an expected annual return from current investments at the higher end of its target range. 
The SNRE strategy has already invested €420 mln in over 1,800 residential units (approximately 110,200 m2) since mid-year.
Henrik Bastman, portfolio manager for SNRE II and branch manager of Storebrand Real Estate Sweden, said: “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. Our high investment pace reflects our ability to identify attractive transactions through a strong and well-established network, with 75 per cent of the 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.”
Nordic institutional asset manager Storebrand is the anchor investor in SNRE II. Beyond Storebrand, the fund's investor base comprises established Nordic institutions from Sweden, Denmark, Norway, and Finland.