MIRIS develop, finance and execute real estate projects all over Norway, with focus on three main sectors in growth; Edge Data Centers, Positive energy buildings and Smart Homes.
We execute projects of high quality with solid returns by sharing early phase real estate development with investors and the owner of the property. MIRIS develop projects in three phases. In the first phase, we find the best suited properties and evaluate the project through a risk analysis. When the risk picture is clear to us, we decide if the project meets our criterias and if its a project that we want to go further with, or not. In the next phase, we map all relevant information about the property and negotiate economical terms and conditions. If everything goes well we sign the contract and start to develop the project and negotiate contracts with partners and subcontractors. Before we start the actual work, we are putting together a financing package in cooporation with a bank. The business model has the intention to insure investor that the project will be executed according to the plan and that it gives a good return.
MIRIS, the property owner and investors normally own 1/3 of the project, each. This tripartite allows us to execute real estate projects of high quality in shorter time than normal. When the property is realized and the value creation is made, the investors are the first to get their returns. In this way, MIRIS wishes to maintain an ethical foundation in which we get satisfied investors, high returns and limit the period of investment. We will take new technology and new building methods in use to be able to position into new growth areas and to be able to build valuable competence.