DNB Scandinavian Property Fund

DNB Scandinavian Property Fund is classified as an article 8 fund in accordance with SFDR with a focus on reducing greenhouse gas emissions through improvements to the property portfolio – in line with new technology and in accordance with all applicable requirements, on behalf of investors, tenants and society.

The path to a zero-emission society requires courage, will, expertise and long-term and systematic work over time. Consideration of the environment, social relationships, as well as corporate governance (ESG factors) are an integral part of both the investment process and ongoing management carried out by DNB Real Estate Investment Management (DNB REIM).

Sustainability work is rooted in the fund’s sustainability plan with the main focus on

• Reduction of greenhouse gas emissions
• Reduction in energy consumption
• Reduction in water consumption
• Increased degree of waste sorting
• Third-party building certification

Since 2013, the fund has participated in the Global Real Estate Sustainability Benchmark (GRESB) with good results and achieves 5 green stars

Read more about our sustainability goals

The fund invests in the office, trade and hotel/other segments with a central location in the largest cities in Norway and Sweden. The geographical focus is Norway, but with a framework for up to 40 per cent in Sweden.

The portfolio must be built according to the following frameworks:

• Office 35 – 80%
• Trade 0 – 40%
• Hotel/Other 0 – 25 %

From 2013, the mutual fund has participated in the Global Real Estate Sustainability Benchmark (GRESB), which is an index that measures and compares the participants in relation to a broad spectrum of ESG criteria.

The fund has achieved good results and a “Green Star” classification every year since 2013. For 2023 we achieved a score of 92 points.This places DNB Scandinavian Property Fund as no. 7 of 77 European funds. There are 2200 mutual funds included in the benchmark.

GRESB Benchmark Report (PDF)Open the file in a new tab

The aim of the fund is to build a broad and diversified property portfolio of NOK 12.5 billion. DNB Life Insurance co-invests in the fund and will have a minimum of a 10 per cent ownership interest in the fund.

The risk profile for DNB Scandinavian Property Fund is considered moderate and classified as a “core” mutual fund internationally by INREV. Investments in property companies are associated with a risk that the investor may sustain losses.

An indirect property investment in DNB Scandinavian Property Fund must be based on a long-term perspective and is therefore not suitable for investors with a short-term time horizon.

The risk of losses or worse returns than expected will also depend on a number of factors. Investors are therefore asked to review the risk elements described in the Subscription Invitation, as well as evaluating the investment based on their own risk profile and financial situation.

Shares in DNB Scandinavian Property Fund can be freely traded, but changes in ownership must be reported to the Portfolio Manager, DNB Real Estate Investment Management (DNB REIM) and approved by the board of the relevant feeder company.

There is a limited annual redemption right for investors. It is a prerequisite that the investor has owned the shares for a minimum of 18 months and that the amount required to be redeemed exceeds NOK 5 million. For more information on redemption, see the Subscription Invitation.

A liquidation of DNB Scandinavian Property Fund is decided by the fund’s investors at the corporate meeting and requires approval of 2/3 of the company capital.

For more information, please contact the Portfolio Manager