To support our new real estate strategy, we will gather our Europe Real Estate team in one location, in London. This means we have started a process to close our dedicated real estate office in Paris. The fund’s investment exposure to real estate in France remains unchanged.
The fund recently launched a revised real estate strategy aimed at improving investment performance and better exploiting the fund's defining characteristics such as scale and long-term capital base.
This involves a change from geographic concentration to sector diversification, from direct management to increased delegation, and from a combined to an integrated strategy of listed and unlisted real estate.
With this new direction, we believe a Europe team working together in a single location will be most effective in delivering returns. We have therefore decided to close the fund’s real estate office in Paris.
The Paris office opened in 2018 to exclusively build and manage our real estate portfolio in France. The Paris office currently employs six people.
We will ensure that the closure process is carried out in an orderly manner, with appropriate support for our colleagues.
The decision does not affect our real estate investments in France. Consistent with our new strategy, we will continue to invest in French real estate. France is the fund's fourth largest country exposure across the fund’s asset classes.
As of 31 December 2025, the fund had 65 billion kroner invested in French unlisted real estate.
Line Aaltvedt
Head of Communications
Cell phone: (+47) 94 85 46 56
Email: press@nbim.no
