NREP, originally founded as Nordic Real Estate Partners in 2005 by Mikkel Bülow-Lehnsby, Rasmus Nørgaard, and Rickard Dahlberg, is a real estate investment and development company headquartered near Copenhagen, Denmark. The company started in a basement and set out to challenge conventional approaches in the Nordic real estate sector.

Today, NREP manages a multi-billion euro portfolio and operates across at least six countries, including Denmark, Sweden, Norway, Finland, Poland, and Germany. The company employs hundreds of professionals and oversees millions of square meters of real estate spanning urban living, logistics, care facilities, and offices. NREP’s work is grounded in practical investment and operational strategies, with a focus on decarbonizing buildings and providing sustainable solutions at scale.

A significant part of NREP’s recent activity is piloting low-carbon construction methods, such as the Ripple Residence, a project built primarily with timber, resulting in markedly reduced annual carbon emissions per square meter. NREP was also shortlisted at the 2025 MIPIM Awards for projects like UN17 Village in the residential category and the Innovation Project in Bålsta for industrial and logistics.

The company is a core entity within Urban Partners, a broader platform targeting urban problem solving. Notable investments include modern logistics, co-living spaces, and necessity-based retail centers, particularly in Greater Copenhagen and Aarhus. NREP’s approach is characterized by long-term stewardship and collaboration with local communities and investors, with a pragmatic commitment to environmental and social impact.