
NBIM signals shift to SMAs under its latest 3-year plan
The Norges Bank Investment Management will expand beyond traditional joint ventures to include separately managed accounts (SMAs) that give it scalable access to multiple assets under pre-agreed strategies within its real estate portfolio. According to a press release, in NBIM’s new strategy plan for 2026-2028, direct investments will remain the core of the strategy, with an emphasis on partnerships with









