SBB Purchases 15,000 sqm in Norway

Norway Norway Samhällsbyggnadsbolaget purchases the Norwegian company Offentlige Bygg with three properties, in Drammen, Sarpsborg and Arendal, encompassing 15,000 sqm.

2017-11-24

Share via e-mail

“We are already the top Nordic investor within the social property segment in Norway. Long, public cash flow further contributes to strengthening Samhällsbyggnadsbolaget’s position as one of the leading Nordic real estate companies” says Ilija Batljan, CEO at Samhällsbyggnadsbolaget in the Nordic region.
 
Offentlige Bygg AS owns three properties in Drammen, Sarpsborg and Arendal with a total leasable area of approximately 15,200 sqm. The portfolio is fully leased with a total rental income of approximately MSEK 27.5 (EUR 2.8M). Among the tenants, approximately 70 percent are public investors where the main tenant is the Ministry of Justice (Sarpsborg Politihus, Sarpsborgs Tingrett and Aust Agder Tingrett). Average contract length is ten years.
 
Samhällsbyggnadsbolaget acquired the Offentlige Bygg AS share to a set share price of approximately MSEK 90.1 (EUR 9.1M) including a company loan of approximately MSEK 273 (EUR 27M).
 




Axel Ohlsson
axel@nordicpropertynews.com




Norges Bank Makes New Major Logistics Investment

Norway Norway The partnership between Norges Bank Real Estate Management and Prologis has acquired a logistics property and an adjacent land plot in Carlisle, Pennsylvania and a logistics property in Seattle, Washington.


"Oslo Will Continue to Experience Positive Effects"

Norway Norway Anne-Jan Jager, Director at Tristian Capital Partners, tells Nordic Property News of the major office acquisition, the state of the Norwegian economy and Tristian’s future in Norway and the other Nordic countries.

Tristan Fund Acquires Landmark Office in Oslo for EUR 122M

Norway Norway CP 5 LL, the long-life core-plus fund advised by Tristan Capital Partners, has acquired off-market a landmark Grade A office building in Helsfyr, Oslo’s emerging eastern business district, for approximately EUR 122 million from a fund managed by Starwood Capital Group.

Logicenters Acquires in Logistics Property

Norway Norway Logicenters expands the property portfolio in Norway with the purchase of a newly developed logistics facility in Råde, 70 kilometers from Oslo.

Wingårdhs Creates World Ocean Headquarters

Norway Norway The building in Oslo will, among other things, serve as a hub for the UN's "Our Ocean, Our Future: Call for Action", the political momentum built to save the oceans of the world.


CBRE GWS Appoints New Development Manager

Norway Norway CBRE Global Workspace Solutions appoints Jan Petter Skogstad as new development manager.

Norges Bank Sells Logistics

Norway Norway The partnership between Norges Bank Real Estate Management and Prologis has sold 37 logistics properties located in Seattle, Chicago, Dallas, New Jersey, South Florida, France, Poland, Hungary and the Netherlands.

Norges Bank Makes EUR 361M Acquisition

Norway Norway Norges Bank Real Estate Management has acquired a 100 percent interest in an office property located on 60 Holborn Viaduct in Central London.

Oslo Areal Sells to Fredriksborg

Norway Norway Oslo Areal sells a property in Fredrikstad to Fredriksborg Eiendom.

Peab Builds Apartments in Ålesund

Norway Norway Peab builds apartments in Ålesund in western Norway for Fri Sikt Dalsberga.