In a letter to the Ministry of Finance, Norges Bank presents the work on its strategy for real estate investments in the Government Pension Fund Global. The Executive Board has adopted the main points of a new real estate investment strategy. The aim is a real estate portfolio on the order of 3–5 percent. The real estate portfolio shall comprise both listed and unlisted real estate investments and there is no specific limit for the proportion of listed real estate investments. The real estate portfolio shall be broadly diversified, and the strategy shall be simple, with weight given to cost-efficiency and investments that require limited resources. There shall be flexibility for taking advantage of special investment opportunities that may arise in the unlisted real estate market.

As stated in the letter: "With a limited portfolio of unlisted real estate and a desire to integrate listed and unlisted real estate, the Executive Board finds that it is no longer appropriate to organise the management of unlisted real estate separately."

The Executive Board has therefore decided to discontinue NBREM as a separate organisational unit. The real estate organisation in NBREM will be integrated into NBIM, and according to plan, a new organisational model for NBIM will come into effect from 1 April 2019.