Eufemia comprises 22 400 sqm of office space and is 93 percent let to Pricewaterhouse Coopers and Microsoft on ten year lease terms from handover. Estimated rent as per completion 2019 is MNOK 72.7.
Eufemia forms part of the Bjørvika development scheme which constitutes the largest Norwegian urban development project in modern times.
OSU was advised by Akershus Eiendom.
KLP Acquires Eufemia
Norway — The Norwegian pension and insurance provider KLP has agreed to acquire the office development project Eufemia from Oslo S Utvikling (OSU) located in the Bjørvika CBD office district. <br /> The transaction is structured as a forward sale with deferred handover in 2019 and the agreed price for the asset is NOK 1.740 billion (EUR 185M).