Norwegian Fund Expands in London

Norway Norway The Regent Street Partnership between Norges Bank Real Estate Management and The Crown Estate has expanded its ownership in three properties in central London totalling about 5 000 square meters of retail and office space.

2017-05-18

Share via e-mail

Norwegian Fund Expands in London. Image: High Level Photography
Norwegian Fund Expands in London.

The acquisition was completed on 15 May 2017.

The seller was a joint venture between Aviva Life & Pensions UK Limited and Public Sector Pension Investment Board.

The Regent Street Partnership, in which Norges Bank Real Estate Management has a 25 percent stake, has acquired the three properties 263-269 Oxford Street and 3-5 Swallow Place, 1 Princes Street and 6 Swallow Place, and 2-4 Princes Street.

The Regent Street Partnership already owned 263-269 Oxford Street and 3-5 Swallow Place, over which the vendor had a leasehold interest with a 94-year unexpired term. The property comprises 16,000 square feet of Oxford Street retail space and 19,000 square feet of office space.

The Regent Street Partnership acquired 100 per cent of 1 Princes Street and 6 Swallow Place, which comprises 2,000 square feet of retail space and 4,000 square feet of office space.

The Regent Street Partnership acquired the vendor’s 33 percent ownership interest in 2-4 Princes Street and now owns 100 percent of the property, which comprises 6,000 square feet of retail space and 7,000 square feet of office space.

The Regent Street Partnership paid EUR 140M for the interests and will now manage the properties directly. No financing was used in the acquisition and the assets are held unencumbered with debt.




Maria Olsson Äärlaht
maria@lokalnytt.se
fastighetssverige.se




Midstar Buys Hotel from Petter Stordalen

Norway Norway Midstar has acquired Quality Hotel Entry in Kolbotn from Petter Stordalen's Strawberry Properties.


SPG Sells Finanshuset

Norway Norway Scandinavian Property Group has sold the building known as Finanshuset in Hamar to Hamjer Eiendom.

NRP Invests EUR 500M in the Nordics

Norway Norway Oslo-based Nordic logistics real estate specialist NRP (Ness, Risan & Partners) plans to invest more than EUR 500 million in the Nordics as they are working on the final closing for Fund VII.

Lerka Purchases from Ferd

Norway Norway Lerka Eiendom has purchased Ensjøveien 23 B from Ferd Eiendom.

Purchases for Apartment Development

Norway Norway Bonum Utvikling has made their second largest transaction through the purchase of Marstrandgata 9 and 11 on Rodeløkka in Oslo.


Storebrand Divests to Consortium

Norway Norway Storebrand Eiendomsfond divests a property to Telemark Logistikkbygg AS, a consortium set up by Castelar Corporate Finance.

NorgesGruppen Divests to Ragde

Norway Norway Edgar Haugen’s Ragde Eiendom has purchased a package of four retail properties from NorgesGruppen.

Posten Sells in Bergen

Norway Norway Posten Norge has hired DNB Næringsmegling to sell the post terminal on Minde and Bring-terminal in Jettaviken. Posten also wants to sell a plot on Kokstad.

AF Eiendom Hiring Management

Norway Norway AF Eiendom has hired Ida Aall Gram and Otto Christian Groth as managers of one project portfolio each.

DNB Divests to Ragde

Norway Norway DNB Næringseiendom has divested Østre Aker Vei 95 to Ragde Eiendom.