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Novo Holdings prepares Scandinavian real assets offensive

Novo Holdings has bought a stake in NREP and invested in a new real estate fund. More of such moves will soon be made by the company, which is preparing an offensive aimed at the Scandinavian real estate market, says managing partner.

Novo Holdings will making more investments, says Managing Partner Morten Beck Jørgensen . | Photo: Novo Holdings

Novo Holdings, the majority owner of Novo Nordisk and Novozymes, aims to grow into a much larger real estate player in the Scandinavian market, forecasts Novo Holdings Managing Partner Morten Beck Jørgensen from the company's financial investment unit, which has just ventured DKK 1 billion (EUR 130 million) in a new fund launched by Nordic Real Estate Partners and concurrently purchased a 25-percent stake in NREP.

This fund investment sets the value of Novo Holdings' combined real estate assets to around DKK 4 billion – but that's not enough.

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