Key Takeaways
- • NBIM, the manager of Norway's sovereign wealth fund, has teamed up with Art-Invest Real Estate to invest in German office properties, with Art-Invest taking over asset management of the Axel Springer Campus in Berlin.
- • The Axel Springer Campus, acquired by NBIM and Blackstone in 2017 and completed in 2020, comprises approximately 52,700 sqm of rental space and accommodates around 3,500 workplaces.
- • The property holds DGNB Gold certification and is fully leased to Axel Springer on a long-term basis.
- • NBIM and Art-Invest intend to pursue further joint investments in prime office properties across Germany's major metropolitan markets over the coming years.
- • The partnership was publicly announced at Expo Real, with Art-Invest's management effective October 1, 2026, per Art-Invest's publisher materials.
Summary
Norges Bank Investment Management (NBIM), which manages Norway's sovereign wealth fund, has entered a strategic collaboration with Art-Invest Real Estate to invest in German office properties, according to IPE Real Assets. Art-Invest has assumed asset management of the Axel Springer Campus, the Berlin headquarters of Axel Springer. NBIM and Blackstone acquired the property in 2017, and it was completed in 2020.
The campus comprises approximately 52,700 sqm of rental space and accommodates around 3,500 workplaces. It holds DGNB Gold certification and is fully leased to Axel Springer on a long-term basis. Art-Invest's Berlin-based team will manage the asset on behalf of NBIM.
The two parties also intend to pursue further joint investments in office properties across Germany's major metropolitan markets over the coming years. Guilain Decrop, co-head of European real estate at NBIM, said the alliance is intended to strengthen the fund's presence in the German office market and to expand and diversify its German portfolio through prime office investments. He said the collaboration is aligned with NBIM's strategy of investing alongside specialised real estate managers.
Markus Wiedenmann and Jan Dührkoop, managing directors of Art-Invest Real Estate, said they were delighted to take on the landmark asset and looked forward to capitalising on large-scale office investment opportunities in the current market cycle. The partnership was publicly announced at Expo Real.
The campus comprises approximately 52,700 sqm of rental space and accommodates around 3,500 workplaces. It holds DGNB Gold certification and is fully leased to Axel Springer on a long-term basis. Art-Invest's Berlin-based team will manage the asset on behalf of NBIM.
The two parties also intend to pursue further joint investments in office properties across Germany's major metropolitan markets over the coming years. Guilain Decrop, co-head of European real estate at NBIM, said the alliance is intended to strengthen the fund's presence in the German office market and to expand and diversify its German portfolio through prime office investments. He said the collaboration is aligned with NBIM's strategy of investing alongside specialised real estate managers.
Markus Wiedenmann and Jan Dührkoop, managing directors of Art-Invest Real Estate, said they were delighted to take on the landmark asset and looked forward to capitalising on large-scale office investment opportunities in the current market cycle. The partnership was publicly announced at Expo Real.
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