EUR 107 Billion Return From NBIM

Norway Norway The Norwegian Government Pension Fund Global returned 13.7 percent, or EUR 107 billion, in 2017.


Share via e-mail

 “The Executive Board is satisfied that the return both in 2017 and over a longer period has been good and higher than the return on the benchmark index,” says Øystein Olsen, Chairman of the Executive Board of Norges Bank.

Equity investments returned 19.4 percent. Unlisted real estate investments returned 7.5 percent, and fixed-income investments 3.3 percent. The overall return on the fund was 0.7 percentage point higher than the return on the benchmark index.

“The fund’s cumulative return since inception has passed EUR 415 billion. One out of four kroner return was generated in 2017, after a very strong year for the fund. Again, our equity investments returned strongest with a return close to 20 percent,” says Yngve Slyngstad, CEO of Norges Bank Investment Management.

The krone weakened against several of the main currencies during the year, which increased the fund's value by 15 billion kroner. Net withdrawal from the fund was 61 billion kroner.

The fund had a market value of EUR 881 billion at 31 December 2017, of which 66.6 percent was invested in equities, 2.6 percent in unlisted real estate and 30.8 percent in fixed income.

Maria Olsson Äärlaht

Hemfosa Acquires Remaining 35 Percent of JV with Aspelin Ramm

Norway Norway Hemfosa has acquired Aspelin Ramm’s ownership stake of 35 percent in Gardermoen Campus Utvikling AS (GCU), a joint venture that has built a specialist hospital and a local medical center in the center of excellence for health services and medical care being established near Gardermoen Airport.

Stangeland Purchases Four Properties

Norway Norway Stangeland Gruppen has purchased for a total of EUR 37M.

Union Investment's Norwegian Problem

Norway Norway Union Investment are keen on make Norwegian investment but face one large obstacle.

SPG and Bakke Acquires Outside Fredrikstad

Norway Norway The project consists of 150 apartments with sales start scheduled for the spring of 2018.

”It is Not a Common Way of Doing Things But…”

Norway Norway Skanska explains to Nordic Property News why they are building an office complex for EUR 57M outside of Oslo on speculation.

Large Purchase on Mongstad

Norway Norway Asset Buyout Partners purchases Norway’s largest oil base from the Swedish private equity fund EQT for approximately EUR 410M.

NRP Buys in Trondheim

Norway Norway NRP buys a fully automated logistics property in Trondheim.

They Will Create Norway’s First Velodrome Arena

Norway Norway Consto will construct Norway’s first indoor velodrome arena. The project amounts to EUR 22M.

Norwegian Oil Fund Sells in France

Norway Norway The partnership between Norges Bank Real Estate Management and AXA France has signed an agreement to sell an office property located on 31-33 rue de Verdun in Suresnes, France.

Selvaag Purchases Land in Nydalen

Norway Norway Selvaag Eiendom has purchased Maridalsveien 319-321 in Nydalen. Here, an office building of 5,500 sqm can be erected.