Norway’s Storebrand Asset Management has unveiled a sustainable real estate fund focusing on the Nordic region.
The fund applies a diversified multi-country strategy with a slight tilt toward its home markets of Sweden and Norway.
Storebrand highlighted that Nordic countries have outperformed European GDP growth over the last two decades whilst seeing 16% of the overall property transaction volume. The outlook for the region looks promising, the firm said.
Jan Erik Saugestad, chief executive of Storebrand, said the firm systematically strives to decrease environmental impact in real estate through action plans at the construction phase, in re-habilitation projects, and real estate management.
“We monitor and optimise environmental factors such as energy, water and waste,” he said.
According to Storebrand’s head of Nordic real estate, Truls Nergaard, properties in good locations with stable cash-flows are a key focus of the fund.
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