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DNB Scandinavian Property Fund

Established to give investors the opportunity to invest in a well-diversified and non-mortgaged commercial property portfolio in the largest cities in Norway and Sweden.

Image of a modern, black building with blue sky around it
  • Direct exposure to fully developed commercial property in Norway and Sweden.

  • High proportion of BREEAM certified buildings

  • Inflation protection through the KPI adjustment of rental income

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Key figures Q1 2024

Value (VEK):

9 845 million

Total lease income 2024:

537 million

Economic vacancy:


Return so far this year:


Annual return in the last 3 years:


Annual return in the last 5 years:


The mutual fund is non-mortgaged and has a moderate risk profile (CORE) with a focus on cash flow assets. The development can amount to a maximum of 5 per cent.

  • The mutual fund is actively managed and invests in the office, commerce, hotels and social building segments
  • Long-term return target of 5-7 per cent
  • Targets for direct returns of 3-5 per cent
  • Sustainability is integrated into the management - SFDR Article 8 fund
  • GRESB 5 stars (Global Real Estate Sustainability Benchmark)
  • DNB Livsforsikring co-invests in the mutual fund and will own a minimum of 10 per cent in the mutual fund company
  • Minimum subscription for Norwegian feeders is NOK 5 million
  • For international investors, investment is offered with moderate lending


See our reports here

More about the mutual fund

Contact us

Contact the team behind the fund for a discussion about why you should choose DNB Scandinavian Property Fund

Disclosure of the Transparency Act

The Transparency Act sets requirements on Norwegian companies to report on their initiatives for ensuring fundamental human rights and decent working conditions in the value chain. On the webpage about human rights we describe how DNB ensures that the requirements of the Transparency Act are complied with. For more information, you can contact DNB’s Business Property at servicesenter@dnb.no

See account of the Transparency Act


The information above is not precise or complete. The above does not contain a recommendation to invest. For a full review of DNB SPF, please see the quarterly reports or the subscription invitation which will be available at certain periods.

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Head office

Dronning Eufemias gate 30

0191 Oslo, Norway

Postal address


PO Box 1600 - Sentrum

0021 Oslo

Org. no.


984 851 006

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