The main purpose of this publication is to explain our results, give better insight into our investments in different sectors and cities, as well as our investment process and risk management. The publication also presents detailed information related to income and costs associated with the management of unlisted real estate.
The fund’s unlisted real estate investments returned 7.5 percent in 2018.
“We are pleased with the results for 2018. Returns will however vary from year to year, and should be looked at over longer time series”, says Chief Investment Officer Real Estate Karsten Kallevig.
Management costs for unlisted real estate based on average net asset value was 0.24 percent in 2018, down from 0.29 percent in the previous year.
“Management costs based on average net asset value has gradually decreased”, says Kallevig.
Investments in unlisted real estate had a market value of 246 billion kroner and amounted to 3.0 percent of the fund at the end of 2018.
Thomas Sevang, Head of Communications and External Relations
Tel: +47 926 01 756 / +47 24 07 32 76
Marthe Skaar, Manager Communications and External Relations
Tel: +47 926 17 663 / +47 24 07 35 61