Swiss Life Asset Managers has completed the acquisition of NRP's real estate business with effect from 1 December 2021, having obtained the requisite approval of the Norwegian financial supervisory authority.
On 20 July 2021, Swiss Life Asset Managers announced the acquisition of the real estate business of NRP, a leading provider of real estate projects and funds in the Nordics. At the end of September 2021, NRP's real estate division managed and administered assets of NOK 12.9 billion (CHF approx. 1.37 billion). The acquisition was completed with effect from 1 December 2021 following the requisite approval of the Norwegian financial supervisory authority.
"The acquisition is in line with our strategy to further expand our position as a leading European real estate manager. With one of the leading providers of logistics real estate in the Nordics we are strengthening our geographic footprint and broadening our client base. Our existing and prospect clients can look forward to a direct and in-depth market access to Nordic real estate. We warmly welcome the experienced team to the Swiss Life Asset Managers family and look forward to continued success," comments Stefan Mächler, CIO Swiss Life Group.
“In the last few months, we have become well acquainted with Swiss Life Asset Managers and started exploring the great potential for our new organisation in this region. With the Swiss Life Asset Managers brand and financial strength, we are ready and highly motivated to take our Nordic presence and ambition to a new level,” says Christian Ness, Head Swiss Life Asset Managers Nordic.
The acquired business area of NRP will in future operate under the Swiss Life Asset Managers brand. The Oslo location will continue to operate with all 39 employees from the real estate business.
Communications, Swiss Life Asset Managers
Phone +41 43 284 41 89
Swiss Life Asset Managers Nordic
Christian Ness, Head Swiss Life Asset Managers Nordic
Phone: +47 922 66 842
Phone +41 43 284 52 76