NREP promotes Toke Clausen to Partner

NREP, the urban investor with €19 billion of assets under management, announces that it has promoted Toke Clausen to Partner as it continues to bolster its leadership team to support the wider business growth. Toke’s promotion follows a pivotal period of expansion for NREP, which has entered new geographies and business areas in recent years that align with its mission to solve challenges in the wider urban ecosystem.

Toke has been with NREP since 2015, serving in various senior investment roles over the past eight years, the latest of which has seen him head up the business’ newest real estate segment: Office. Toke has been key to the growth and strategic direction of NREP’s office division, which includes its Woods flexible workspace brand, amassing an 800,000 sqm portfolio of nearly 100 assets, managed by a team of 33 people. Toke joined NREP from Boston Consulting Group.

Toke Clausen, Partner and Head of Office investments at NREP, said: “It’s been a privilege to be a part of NREP’s success over the past eight years and witness first-hand the impact that’s possible when great minds, an entrepreneurial spirit and a passion to innovate collide. NREP’s earned reputation within the real estate industry has facilitated our success as we’ve expanded within new markets and sectors; I now look forward to further leveraging the NREP approach as I assume my new position and help extend our mission of putting environmental and social impact at the heart of our value creation strategy.”

The recognition of Toke’s contribution to NREP illustrates the company’s tradition of promoting home-grown team members to partners and represents the third longstanding NREPer to assume a partner role over the past year, following the two internal promotions of Didde Maria Kristensen and Alfred Eklöf. NREP’s partner group has grown in line with the wider business, which has added 180 new members to its 680-strong team across eight countries over the past year.

Claus Mathisen, CEO of NREP, added: “It’s a moment of great pride to welcome a longstanding and proven NREPer to our partnership. Toke’s contribution to the business’s success, in particular that of our office segment, is undeniable as he epitomises many of our core values, whilst sharing the leadership team’s commitment to sustainability and a vision to leave behind a positive impact. We look forward to supporting Toke in taking his potential to new levels to the benefit of our entire business and the stakeholders that we serve.”

NREP is recognized as a pioneer within the area of sustainability and has committed to decarbonizing its real estate portfolio already by 2028. Spearheading initiatives to date include the use of CO2-neutral geothermal heating, projects such as the world’s first 100 percent upcycled concrete building and ‘UN17 Village’, the first large-scale project to align with all of the UN’s 17 Sustainable Development Goals.