Ten Percent Return on The Oil Fund’s Real Estate Investments

Norway — The Norwegian Oil Fund (NBIM) returned ten percent on their real estate investments during 2015.<br /> The fund’s total return was 2.7 percent.

2016-03-11

The amount of investments in properties now amounts to 3.1 percent.

“The fund made fewer but larger real estate investments. Two investments accounted for the majority of the invested capital in 2015. We opened real estate offices in Tokyo and Singapore during 2015” says Yngve Slyngstad, CEO at NBIM.

“2015 was a volatile year, with negative interest rates, currency turmoil, falling oil prices and weaker growth expectations for emerging markets. We have seen fluctuations in the fund’s return from quarter to quarter, but overall a satisfying result” says Yngve Slyngstad.

NBIM’s combined worth currently amounts to approximately NOK 7,000 billion (€7478 billion).

Thor Arne Brun

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