URSUS REAL ESTATE MANAGEMENT

Nordic Real Estate Investments

About Us

About Us

Ursus is a Norwegian-based fund manager established in 2020. The company invests in and actively manages real estate properties across the Nordics on behalf of its investors in discretionary fund vehicles, targeting medium-term value-add returns. Since Q1 2020, Ursus has executed transactions with a total value in excess of EUR400m on behalf of its inaugural fund, UREM Real Estate Fund I. The Fund Managers, Fredrik Steinum and Fredrik Kumlin, have a combined experience of 26 years in the industry, having executed and managed more than EUR 4bn of transactions in their previous roles at HIG Capital and MARK (previously known as Meyer Bergman) respectively.
The manager, Ursus Real Estate Management, is a joint venture between Fredrik Steinum and Arctic Securities AS, a Norway-based investment bank.

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Our Team

Our team

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Fredrik Steinum

Managing Partner & CEO

Prior to co-founding Ursus, Steinum was responsible for the Nordic real estate investments at H.I.G. Realty, the Real Estate subsidiary of H.I.G. Capital. During his tenure at H.I.G. he executed transactions with a combined value of more than NOK13bn, across 18 transactions. In his career, Fredrik Steinum has executed transactions in excess of NOK20bn. In addition to investment origination, Fredrik Steinum has also been responsible for the asset management of H.I.G.’s Nordic portfolio. Prior to joining H.I.G., Fredrik Steinum worked at Sabal Financial, a subsidiary of Oaktree Capital, and Lone Star Funds, focusing on distressed real assets and financial services companies. He holds a MSc and BSc from Norwegian School of Economics and Business Administration (NHH).

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Fredrik Kumlin

Chief Investment Officer

Kumlin joined Ursus in June 2020 as CIO and Investment Committee member. Prior to Ursus he spent 12 years at MARK, a UK-based real estate manager, as Managing Director for the Nordic region executing more than 20 transactions with a combined value in excess of EUR2bn across Europe. During his time at MARK, Kumlin also served as interim CEO for Promenaden Management, responsible for the strategic management of a NOK8bn+ portfolio in the centre of Oslo. He holds a BSc (Hons) from London School of Economics and attained a PLD from Harvard Business School ExEd. He speaks five languages and swam the English Channel in 2009.

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Sebastian Traaseth

Associate

Traaseth joined Ursus in November 2020 as Associate and was previously an Investment Analyst for 2.5 years at MARK, a UK-based real estate manager. At MARK, he was predominantly involved in the investment management of last-mile logistics assets across Europe on behalf of Crossbay, a separate vehicle managed by MARK. Previous roles include off-cycle internships at Arctic Securities, MARK and UBS. He holds as BSc from D'Amore-McKim School of Business at Northeastern University.

Portfolio

Portfolio

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Terminalvägen 24

BREEAM-Excellent building fully occupied by PostNord, the state-backed postal company, in prominent location with strong accessibility

  • Asset Type
  • Office
  • Acquired
  • Q2 2020
  • Location
  • Solna, Sweden
  • GLA
  • 54,100
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Götgatan 53-57

Loan on an iconic mixed-use property at the busiest intersection of Södermalm

  • Asset Type
  • Mixed-Use
  • Acquired
  • Q3 2020
  • Location
  • Stockholm, Sweden
  • GLA
  • 16,000
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Kungsholmsporten

Landmark residential towers on northeastern shore of Kungsholmen

  • Asset Type
  • Residential (rental)
  • Acquired
  • Q1 2021
  • Location
  • Stockholm, Sweden
  • GLA
  • 20,000
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Buråsen

Quality cross-dock asset located in Sørlandsparken

  • Asset Type
  • Logistics
  • Acquired
  • Q3 2020
  • Location
  • Kristiansand, Norway
  • GLA
  • 6,500
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Festningen

Single-let industrial building in a developed residential area near central Fredrikstad

  • Asset Type
  • Industrial
  • Acquired
  • Q4 2020
  • Location
  • Fredrikstad, Norway
  • GLA
  • 35,000
Contacts

Contacts

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Fredrik Steinum

Managing Partner & CEO Haakon VIIs gate 5, NO-0123 Oslo +47 41 70 72 20 fredrik.steinum@ursusrem.com
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Fredrik Kumlin

Chief Investment Officer Regeringsgatan 38, 111 56 Stockholm +46 707 677 924 fredrik.kumlin@ursusrem.com
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Sebastian Traaseth

Associate Haakon VIIs gate 5, NO-0123 Oslo +47 993 23 557 sebastian.traaseth@ursusrem.com
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Fredrik Steinum

Managing Partner & CEO Haakon VIIs gate 5, NO-0123 Oslo +47 41 70 72 20 fredrik.steinum@ursusrem.com
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Fredrik Kumlin

Chief Investment Officer Regeringsgatan 38, 111 56 Stockholm +46 707 677 924 fredrik.kumlin@ursusrem.com
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Sebastian Traaseth

Associate Haakon VIIs gate 5, NO-0123 Oslo +47 993 23 557 sebastian.traaseth@ursusrem.com

Oslo Office View map

Ursus Real Estate Management AS Haakon VIIs gate 5, NO-0123 Oslo, Norway

Stockholm Office View map

Ursus Real Estate Management AS Regeringsgatan 38, 111 56 Stockholm

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