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case study

 

NREP

 

 

Challenge

NREP is a leading Nordic real estate investment firm focused on defensive value-add investment strategies in select segments of the Nordic market.

NREP was established in 2005 and has since then raised 11 funds and built market leading operating platforms in modern logistics, self- storage, necessity driven retail, student housing and middle-income residential. The request was for:
 

  • Total outstanding debt c. €629m drawn on a floating rate basis, denominated in DKK, EUR, NOK and SEK
  • Hedging profile to increase to c. 5 year weighted average life
  • Illustrate pricing and hedging alternatives
  • Assist with the execution trade 


 

629m
Debt (€)
5 year
Weighted average life
4
Currencies
Speak to an expert

Malin Gustafsson

Associate Director, Debt Advisory

E: Malin.Gustafsson@jcrauk.com
T: +44 (0) 207 493 3310

Our approach

JCRA worked closely together with NREP to identify the key features required for the hedging strategy across the logistics portfolio.

JCRA reviewed and analysed the loan documentation and business plan.

JCRA put together an Interest Rate Hedging Analysis Discussion report which included a detailed understanding of the choices available for NREP – the costs and benefits for each option and provide a hedging recommendation.

JCRA challenged the lender to get a competitive price and lead the trading execution.

Explore what we do

Results

JCRA provided a detailed understanding of the choices available for NREP including the costs and benefits for each option to enable NREP to make an analytical hedging decision.
 

The JCRA report was a key document for the investment committee when determining the hedging strategy.
 

Achieved competitive trading terms for the new swaps.

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Have you got a question about how you hedge your financial risks, or structure and arrange your debt?

Find out how we can help you by contacting us today.

 

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