Norwegian Property, through NPRO Holding AS and together with Fredensborg AS and Union Real Estate Fond III Holding AS, owns the residential developer Nordr AS which operates in Norway and Sweden.

Nordr AS has agreed to sell its Swedish division, Nordr Sverige AB, to management and controlled affiliates of Starwood Capital Group, a leading global private investment firm. The transaction includes all Swedish operations and projects, including Folkhem.

Nordr AS will continue to own and operate its Norwegian residential development business.

The transaction will be completed during Q1 2026, subject to approval from the Inspectorate of Strategic Products.

“The divestment of Nordr Sverige AB does not alter Nordr’s overarching strategy of developing and building residential housing. The transaction represents solely a realignment of the geographical focus,” comments Haavard Rønning, acting CEO of NPRO.