Acquired in 2014, Avignon Capital identified Østensjøveien 27 as an opportunity to purchase a high-quality environmental impact building in a growth area of Oslo. Østensjøveien 27 comprises 16,766 square meters of high quality open plan office accommodation, arranged over six floors, and is located in Helsfy district, close to the city centre of Oslo and near several public transportation hubs.

The building holds a Breeam “Excellent” rating, owning to its sustainability credentials, and on completion in Q3 2014 was ranked one of the 100 most sustainable office buildings in the world.

“The sale of Østensjøveien 27 is further evidence of Avignon’s ability to acquire exceptional properties across Europe; to complete the transaction for such a favourable result is a testament to our specialist understanding of the European property market, having delivered very attractive returns to investors, ” says Doug Burton-Cantley, Director of Asset Management at Avignon Capital.

 “Over the past three years we have sold 14 projects with a weighted annual return of 79,6%. We are therefore pleased that we can continue to deliver high returns to our investors,” says Pål Sandal, Partner at Clarksons Platou Real Estate.