New Sustainable Real Estate Fund Lands in Nordics

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Stockholm (NordSIP) – Storebrand Asset Management has announced the launch of a new sustainable Nordic Real Estate Fund. The new fund focuses on income-generating sustainable real estate assets, weighted towards the home markets of Norway and Sweden.

“We are very happy to be able to provide our clients with this new fund. It applies a diversified multi-country strategy but have a slight tilt towards our home markets Sweden and Norway. Properties in good locations with stable cash-flows are in focus.To secure solid growth we also believe diversification is key,” says Truls Nergaard, Head of Nordic Real Estate at Storebrand Asset Management (Pictured; left). “We have a very solid and highly experienced team. Together we have provided our clients with strong and consistent returns, across a portfolio of 98 properties for over a decade, something we aim to continue doing going forward,” Nergaard adds.

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According to Storebrand, the Nordic property transaction volume represents 16% of Europe’s total. Storebrand Real Estate is the largest private asset manager in Norway with about €80 billion in assets under management.

“Storebrand has led the way on sustainable investment for more than 25 years and will continue to do so going forward. Real estate is a high-impact sector and we have a strong focus on sustainability, both pre-investment and in day-to-day management. We systematically seek to decrease the environmental footprint through action plans in the construction phase, in re-habilitation projects and real estate management. We monitor and optimize environmental factors such as energy, water, and waste. Our ambition is to provide clients with a robust and attractive portfolio both through diversification and sustainability,” says Jan Erik Saugestad, CEO of Storebrand Asset Management (Pictured; right).

Storebrand is Norway’s largest private asset manager. As of September 2020, Storebrand’s £76 billion in assets under management follow the Storebrand Policy for Sustainable Investments. Since 2007 Storebrand has owned SPP, which it acquired Handelsbanken’s life-insurance and pensions business.

Most recently, NordSIP reported on Storebrand being mandated by the East Sussex Pension Fund (ESPF), its first major UK pension fund.

Image courtesy of Storebrand Asset Management

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