Nordic region property consultant Newsec has launched an investment management business line in Norway, which joins Sweden, Finland and Denmark in offering services to international pension capital in this field.
The firm said that Norway was a natural place to roll out its investment management model, which had 'great similarities' with the Norwegian syndication business currently serving clients.
'Newsec envision that we can arrange real estate projects throughout the Nordics based on our Norwegian office and local investors. At the same time, it is a broad ambition to offer the capital we work for outside Norway a platform for investments in Norway,' says Max Barclay, head of advisory and deputy CEO Newsec.
With smaller interest rate differences, a favorable krone exchange rate and low land vacancy, Newsec said that an increasing number of actors within the real estate industry see the Norwegian market as an interesting investment alternative.
The business in Norway is organised in a partner model under the leadership of Ole-Christian Rustad, head of investment management Norway.
The ambition is to build a competitive business unit with the entire Nordic region as a catchment area.
Newsec offers services within asset management, advisory, investment management, energy transition and digital accelerators.
