Teesland iOG, part of the Australian Valad Property Group, has announced the successful first closing of its commercial property Nordic Aktiv Fund 2. Following on from Nordic Aktiv Fund 1, the second fund raised EUR 90 mln, including Valad's EUR 7.5 mln co-investment. The fund will invest in high- yielding real estate on a multi-sector basis with a focus on light industrial estates, secondary offices and mixed commercial assets in Denmark, Finland, Norway and Sweden. The fund’s investment strategy is in line with Valad’s core philosophy of creating value and exploiting active management opportunities for income growth.
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