Anvil Asset Advisors AS (“Anvil”) and the management team from Attivo AS are pleased to announce the establishment of Anvil Development Partners AS (“ADP”). The existing management team of Attivo will transition to ADP to focus on the completion of 7 of Attivo’s ongoing projects (representing 542 residential units in the greater Oslo area) along with pursuing new opportunities in the residential development sector.

Since its founding 25 years ago, Attivo has developed over 1,200 homes and 205,000 m² of commercial space in the greater Oslo area. Anvil was founded in 2015 and acts as the strategic local partner for many international investors investing in the Nordics. Since inception, Anvil has acquired and asset managed NOK 15bn of real estate totaling 773,000m² in Norway, Denmark and Sweden.

Nick Laird, Chairman of Anvil, “the current disruption in the Norwegian residential sector creates some very unique opportunities for investors with capital and deep development expertise. We believe there is nobody more qualified than the Attivo team to pursue these types of opportunities in Norway, and we are very excited to have them as part of our organization.”

By combining the Attivo team’s development expertise with Anvil's deep investor relationships and capital markets/asset management capabilities, Anvil Development Partners is uniquely qualified to take a leading position in the Norwegian residential development market in the coming years. ADP will be able to offer a full-cycle value proposition: from site acquisition and project development through to asset management, financing and eventual exit.

Espen Strand, Managing Director of Anvil Development Partners, “the establishment of ADP represents an exciting opportunity in the residential development space and a natural next step for the Attivo team. We have previously pursued investment opportunities together with Anvil and know we share a similar culture and approach to creating value for shareholders. We look forward to drawing on the best of both organizations as we co-locate, integrate and actively pursue new development opportunities.”

Erik Kimmestad, Co-CEO of Anvil, “we are very excited to partner with such a proven and talented team that allows Anvil to expand its core business into large-scale residential development projects by applying our own principles of analytics, access and investor alignment to generate attractive risk-adjusted returns”.

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Anvil Asset Advisors is an independent investment and asset management firm that has grown since 2015 to become a leading operating partner for institutional clients investing in Nordic real estate markets. With €1.1 billion of real estate under management across Norway, Denmark, and Sweden, and offices in Oslo, Copenhagen, and Chennai, Anvil combines local expertise with a global perspective to deliver exceptional results.