• "Our investors recognise and appreciate our values."

    NRP is a leading Norwegian manager of direct investments within real estate, shipping, offshore.

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NRP is a leading Norwegian manager and facilitator of direct investments, private real estate funds and mutual real estate fund. We develop our projects through proactive co-operation and close dialogue with our investors, property owners, real estate developers, real estate brokers, advisors and commercial banks. All the companies that provide these services are licensed by the Norwegian FSA.

Direct Investments

NRP is a leading Norwegian manager of direct investments within real estate, shipping and offshore. We develop our projects through proactive co-operation and close dialogue with property owners, real estate developers, real estate brokers, ship owners, shipbrokers, advisors and commercial banks.

Within the real-estate sector we have a varied portfolio of office, retail and industry properties in the Nordic commercial real estate market. We place a strong emphasis on logistics and have delivered 22 percent IRR to our investors since 2000. NRP has been involved in about 230 transactions and is currently managing USD 2 billion (Q1-2021) in assets. Our sweet spot is attractive properties at strategic locations, with solid tenants on longer contracts. In our home markets Norway and Sweden, we look for opportunities to leverage returns through property and project improvements, while in Finland and Denmark we have a more core, core-plus approach.

Direct Investments

NRP is a leading Norwegian manager of direct investments within real estate, shipping and offshore. We develop our projects through proactive co-operation and close dialogue with property owners, real estate developers, real estate brokers, ship owners, shipbrokers, advisors and commercial banks.

Within the real-estate sector we have a varied portfolio of office, retail and industry properties in the Nordic commercial real estate market. We place a strong emphasis on logistics and have delivered 22 percent IRR to our investors since 2000. NRP has been involved in about 230 transactions and is currently managing USD 2 billion (Q1-2021) in assets. Our sweet spot is attractive properties at strategic locations, with solid tenants on longer contracts. In our home markets Norway and Sweden, we look for opportunities to leverage returns through property and project improvements, while in Finland and Denmark we have a more core, core-plus approach.

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Teamwork

Essential to achieving our goals, not just internally in NRP, but also with our partners and clients.

Our values are summed up in the word “LYNOR” in Norwegian. We strive to employ and adhere to these values on a daily basis in our actions and decisions.

Private Real Estate Funds

NRP is a leading Nordic Alternative Investment Fund Manager (AIFM). Our funds benefit from a full in-house service offering within the NRP Group. In total we have managed more than 20 funds within different strategies and asset classes.

NRP Asset Management AS is a leading pan-Nordic core and core-plus private equity real estate fund manager with an AuM of about NOK 17 bn. Licensed as an alternative investment fund manager (AIFM).

As one of the largest holders of Nordic logistics properties we are presented to a wide range of deals, off-market, club deals and open market deals. Our experienced team delivers transaction execution edge, reflected in a solid track record. Our funds have received favorable ratings from Preqin.

NRP is currently establishing a new fund that will be the 10th fund in a series of real estate funds managed or advised by NRP, and investing in the Nordic region. In addition, NRP has three active real estate funds under management, advises one active real estate fund and have three funds under liquidation.

Average net IRR to investors since inception across all core plus NRP Real Estate Funds has been more than 20% (excl. recently established Fund X).

Our Real Estate Fund Strategy The NRP Funds are based on a vintage mindset, meaning somewhat smaller funds with a limited size and a clearly defined fundraising and investment period. The funds have a core and core-plus strategy where the investment approach is to seek to build a diversified portfolio with downside protection based on long-term investments with semi-annual distributions, providing attractive risk-adjusted investor returns.

The objective is to build a portfolio consisting of 8-15 real estate investments in the Nordics, with the target of generating annual investor distributions of 5-8% and 10-12% annual rate of return (IRR) during the lifetime of the Fund.

The Fund strategy focuses on investments within the real estate sectors of logistics, office, warehouse, light industry and big box retail (including mixed use). Primarily investments will be sought made in properties where construction has been completed or under construction, and where the tenant or other third party bears the main completion risks. Up-side potential in connection with low-risk extensions and development opportunities will be regarded as compelling.

The investment philosophy is mainly focused on:

  • Downside protection by seeking attractive cost price relative to replacement cost, and strong tenants.
  • Long-term investments with an income return mind-set, backed by visible cash flow.
  • Up-side potential in connection with low-risk extensions and development opportunities, lease prolongation, etc.
  • Robust investment focus, focusing on less cyclical investments.
  • Targeting semi-annual dividends.
  • Attractive risk adjusted returns acknowledging the importance of capital preservation.

Private Real Estate Funds

NRP is a leading Nordic Alternative Investment Fund Manager (AIFM). Our funds benefit from a full in-house service offering within the NRP Group. In total we have managed more than 20 funds within different strategies and asset classes.

NRP Asset Management AS is a leading pan-Nordic core and core-plus private equity real estate fund manager with an AuM of about NOK 17 bn. Licensed as an alternative investment fund manager (AIFM).

As one of the largest holders of Nordic logistics properties we are presented to a wide range of deals, off-market, club deals and open market deals. Our experienced team delivers transaction execution edge, reflected in a solid track record. Our funds have received favorable ratings from Preqin.

NRP is currently establishing a new fund that will be the 10th fund in a series of real estate funds managed or advised by NRP, and investing in the Nordic region. In addition, NRP has three active real estate funds under management, advises one active real estate fund and have three funds under liquidation.

Average net IRR to investors since inception across all core plus NRP Real Estate Funds has been more than 20% (excl. recently established Fund X).

Our Real Estate Fund Strategy The NRP Funds are based on a vintage mindset, meaning somewhat smaller funds with a limited size and a clearly defined fundraising and investment period. The funds have a core and core-plus strategy where the investment approach is to seek to build a diversified portfolio with downside protection based on long-term investments with semi-annual distributions, providing attractive risk-adjusted investor returns.

The objective is to build a portfolio consisting of 8-15 real estate investments in the Nordics, with the target of generating annual investor distributions of 5-8% and 10-12% annual rate of return (IRR) during the lifetime of the Fund.

The Fund strategy focuses on investments within the real estate sectors of logistics, office, warehouse, light industry and big box retail (including mixed use). Primarily investments will be sought made in properties where construction has been completed or under construction, and where the tenant or other third party bears the main completion risks. Up-side potential in connection with low-risk extensions and development opportunities will be regarded as compelling.

The investment philosophy is mainly focused on:

  • Downside protection by seeking attractive cost price relative to replacement cost, and strong tenants.
  • Long-term investments with an income return mind-set, backed by visible cash flow.
  • Up-side potential in connection with low-risk extensions and development opportunities, lease prolongation, etc.
  • Robust investment focus, focusing on less cyclical investments.
  • Targeting semi-annual dividends.
  • Attractive risk adjusted returns acknowledging the importance of capital preservation.

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Mutual Real Estate Fund

About the company and the fund:
NRP Anaxo Management AS is a fund manager established in October 2020, focusing on investments in listed real estate securities. The Manager established its first fund, NRP Anaxo Nordic m2, in January 2021. The company is licensed as an alternative investment fund manager (AIFM).

NRP Anaxo Nordic m2 primarily invests in listed real estate securities in the Nordic countries. However, the fund may also place part of the AUM in real estate companies domiciled in other European countries.

About listed real estate:
Listed real estate has outperformed the broader equity indexes for many years, both in the Nordics and in other European markets. We believe that the underlying success factors in the real estate sector are still in place.

Most sub-sectors within the real estate universe are represented among the listed companies. Examples of sub-sectors are offices, housing, warehouses, logistics, retail and community service properties. The value drivers for these sub-sectors differ significantly.

About our investment strategy, process and philosophy:

  • NRP Anaxo Nordic is an active fund manager. Being an active manager of listed real estate stocks provides us with a lasting opportunity to effectively invest in the right companies, in the right sub-sectors.
  • The objective is to build a concentrated portfolio consisting of 15-30 real estate stocks. The target is to create alpha and to outperform our benchmark index which contains the majority of the listed Nordic real estate companies.
  • The investment process is based on fundamental research including thorough industry analysis, as well as individual company analysis.
  • We are long-term investors focusing on companies that have a proven track record of creating shareholder value through predictable and profitable growth.

Andelsklasse

Kursdato

Kurs

NRP Anaxo Nordic m2 – A (NOK)

18.01.2021

101.6317

NRP Anaxo Nordic m2 – B (SEK)

18.01.2021

N/A

NRP Anaxo Nordic m2 – C (NOK)

18.01.2021

101.6401

NRP Anaxo Nordic m2 – D (SEK)

18.01.2021

N/A

Documentation - Download PDF

Mutual Real Estate Fund

About the company and the fund:
NRP Anaxo Management AS is a fund manager established in October 2020, focusing on investments in listed real estate securities. The Manager established its first fund, NRP Anaxo Nordic m2, in January 2021. The company is licensed as an alternative investment fund manager (AIFM).

NRP Anaxo Nordic m2 primarily invests in listed real estate securities in the Nordic countries. However, the fund may also place part of the AUM in real estate companies domiciled in other European countries.

About listed real estate:
Listed real estate has outperformed the broader equity indexes for many years, both in the Nordics and in other European markets. We believe that the underlying success factors in the real estate sector are still in place.

Most sub-sectors within the real estate universe are represented among the listed companies. Examples of sub-sectors are offices, housing, warehouses, logistics, retail and community service properties. The value drivers for these sub-sectors differ significantly.

About our investment strategy, process and philosophy:

  • NRP Anaxo Nordic is an active fund manager. Being an active manager of listed real estate stocks provides us with a lasting opportunity to effectively invest in the right companies, in the right sub-sectors.
  • The objective is to build a concentrated portfolio consisting of 15-30 real estate stocks. The target is to create alpha and to outperform our benchmark index which contains the majority of the listed Nordic real estate companies.
  • The investment process is based on fundamental research including thorough industry analysis, as well as individual company analysis.
  • We are long-term investors focusing on companies that have a proven track record of creating shareholder value through predictable and profitable growth.