Capman Buys Commercial Property in Oslo

Norway Norway Capman Nordic Real Estate II fund has acquired Lille Grensen 5, a retail and office property located in Oslo city centre from a German fund.

2017-12-19

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The property is a 4,700 square meters mixed retail and office building located on Lille Grensen, a well-known pedestrianised street in the heart of Oslo city centre which connects with both Karl Johans gate, the premier retail street in Oslo, and Grensen. The retail area is spread across basement, ground and first floors with offices in the 5 floors above. The property has 30 percent vacancy today and a number of leases are approaching expiry.  

"We are very excited about the purchase of this property, which is extremely well located from both a retail and office perspective. With some vacancy and leases coming up for expiry, we see an excellent opportunity to upgrade the premises for existing and potential tenants in order to create extra value," comments Ed Williams, Managing Partner at Capman Real Estate.

The acquisition of Lille Grensen 5 is Capman Nordic Real Estate II's second acquisition following closing of the EUR 425M fund raising in August this year. The focus of the fund is to acquire mainly office, retail and residential properties located in established submarkets of major Nordic cities. 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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