Norges Bank

Press release

Report on real estate investments

Norges Bank Real Estate Management has today published a report on investments in unlisted real estate in 2015.

This is the fund's first report on its unlisted real estate investments.

"Openness about our activities is important, and less information is publicly available in the unlisted market," says Karsten Kallevig, CEO of Norges Bank Real Estate Management. "The report provides a comprehensive overview of key data for the fund's unlisted real estate investments."

The report contains return data published previously, but provides a more detailed breakdown. For example, there are figures for return and market value by region and sector, and for market value by city and partner, as well as a broad survey of income and costs. The report also presents Norges Bank Real Estate Management's approach to areas such as risk management, environmental sustainability and property valuations.

Investments in unlisted real estate had a market value of 180 billion kroner and amounted to 2.4 percent of the fund at the end of 2015.

Report on real estate investments (

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Published 28 April 2016 12:00