Positive contribution from real estate
4 June 2020
Today, we publish a management review of the last ten years of real estate investments. The publication describes our strategy and provides insight into the choices we have made and the experiences we have gained. In addition, it contains an extensive overview of the buildings we own in the different cities.
The real estate investments have had an annual return of 7.7 percent after costs. The value of the portfolio is 273 billion kroner, which makes the fund one the world’s largest institutional investors.
”We have emphasised building a global, but concentrated portfolio of properties. It has been important for the fund to find high-quality properties that we can own for a long time. The decade of investing in real estate has in all respects been a positive one for the fund”, says Yngve Slyngstad, CEO of Norges Bank Investment Management.
It has also been important to build a global organisation with solid real estate expertise, as well as to ensure that we have deep insight into and a clear presence in the markets in which we are invested.
”We have had a gradual build-up. Today, the fund is well positioned as a leading global real estate investor”, says Karsten Kallevig, Chief Investment Officer Real Estate.
The publication is only available in English.
Manager, Communications and External Relations
Tel.: + 47 948 54 656