AMWatch

The oil fund has invested in real estate for 10 years: "It has given better returns and lower risk"

After the oil fund was given a mandate to invest in unlisted real estate ten years ago, it has grown to become one of the world's largest real estate investors. "The last ten years of real estate investments have been positive for the fund in every way," says CEO Yngve Slyngstad.

Yngve Slyngstad | Photo: Håkon Mosvold Larsen / NTB scanpix

Norges Bank Investment Management has published a report about the past ten years of real estate investments.

The report states that real estate investments have generated yearly returns of 7.7 percent after costs, and that the portfolio is worth EUR 26 billion (NOK 273 billion).

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