NREP sets revenue record and eyes more investments

In 2021, the Nordic real estate investor made huge investments in its organization which made their mark on its bottom line - investments which the Director of Operations calls ”a pre-condition for future growth.” Despite economic uncertainty, an increase in activity is expected this year.

Photo: PR / Nrep

BY EMIL BIRKELAND KLINTORP, TRANSLATED BY CATHERIEN BRETT

Published: 27.06.22 at 10:24

A soaring revenue curve at NREP reached its peak last year, while the bottom line dropped significantly due to investments and personnel costs.

A recently published 2021 report from the Nordic real estate investor and developer showed that NREP’s revenue increased by 20% in 2021 compared to the preceding year, totaling DKK 630m (84.7m), while the result before tax was DKK 53m (EUR 7.1m) compared to DKK 96m (EUR 12.9m) in 2020.

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