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

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch