Over 20 years of experience in the Baltic property markets
The team behind Nuve Partners has a long-standing track record in real estate development and management across commercial, residential, and logistics sectors. With deep expertise in fund management, the team has both deployed institutional capital as well as advised institutional investors on major private and public-private partnership (PPP) transactions throughout the Baltic region.
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9 Years of Prior Experience
Before founding Nuve Partners, Raiko Uri gained extensive experience in real estate investment and development at U.S. Invest, Trigon Capital, and EEREIF. Notably, he served as CEO of Telliskivi Creative City from 2011 to 2014, one of Estonia’s most successful and innovative urban regeneration projects.
Lauri Henno brought expertise from Rotermann Group, U.S. Real Estate, and Maxima, where he led real estate development activities.
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Formative Years (2013–2015)
Nuve Partners' first major advisory engagement was managing the exit process for EEREIF fund during its planned liquidation. The firm also advised LCN Capital Partners on the acquisition of the Raadiku municipal housing portfolio (1,215 apartments), one of Estonia’s largest public-private partnership (PPP) transactions. In parallel, Nuve began managing various development and investment projects for private investors.
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Retail Property Fund (2017–)
Nuve Partners launched the Retail Property Fund, a 20-year vehicle backed by Swedbank pension funds in Estonia. The fund invests in grocery-anchored retail properties with strong foot traffic and stable income. It currently holds 22 properties across Estonia and Latvia, with anchor tenants including Rimi, Selver, and Maxima.
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Residential Real Estate & Demerger (2016–2024)
The group actively developed and managed residential apartment buildings in partnership with LHV pension funds and BTA Insurance Company.
In 2024, the group underwent a strategic demerger: the residential real estate business continues under the Lumi Capital brand, while the legal successor adopted the Nuve Partners name and shifted its focus to advisory and commercial real estate.
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Net Lease for Future Fund (2025–)
In 2025, Nuve Partners introduced the Net Lease for Future Fund, targeting single-tenant properties with long, unbreakable lease agreements. The fund's initial portfolio includes two investments across five properties, emphasizing long-term stability and income generation.
