Large Purchase on Mongstad

Mongstad. Image: Wikimedia/Dag Erik Hagesæter. Lisens- CC-BY-SA-3.0

Norway Norway Asset Buyout Partners purchases Norway’s largest oil base from the Swedish private equity fund EQT for approximately EUR 410M.


Share via e-mail

According to Dagens Næringsliv the parties agree on not going public with the purchase price, but investors on the market assess the price to approximately EUR 410M.
Asset Buyout Partners is owned by Hitec Vision and has specialized in properties and infrastructure in the Norweigan oil and gas industry. The fund owns properties in Risavika, Dusavik, Kristiansund (Vestbase) and Ågotnes (CCB), as well as Hammerfest.
“The purchase of Mongstad Group is an important step in ABP’s long-term strategy. The portfolio strengthens the company’s position and competitiveness,” says William Wittusen, CEO at ABF, according to DN.
Mongstad Group owns plants and properties on Mongstad and in Dusavik. ABF gains access to approximately 1,2 million square meters of land and infrastructure, 120,000 square meters of industrial plant and a quay of 800 meters. 

WSP Real Estate Stockholm was Technical and Environmental Advisor to EQT and conducted a Vendor Due Diligence in a collaboration between WSP's offices in Sweden and Norway.

Maria Olsson Äärlaht

After EUR 215M Divestment – Aspelin Ramm On the Hunt for New Investments

Norway Norway Aspelin Ramm completed a giant divestment by selling the shopping center Alna Senter in Oslo for EUR 215M. The company's CEO, Gunnar Bøyum, tells Nordic Property News about the decision to sell after a 40 years of ownership and where they are looking for their next investment.

Victoria Eiendom Makes Multiple Transactions in Oslo

Norway Norway Victoria Eiendom purchases and divests in central Oslo.

Scala: "Size Matters"

Norway Norway On the retail market, where there is an uncertainty regarding the future development of retail, one has to create strong companies. Salto Eiendom and Scala Retail Property in Norway have decided to merge. Hans Jørgen Mørland, CEO at the new formed company, tells Nordic Property News about the merger, future visions for the new company and his view on the development of the retail market.

"The Strong Foreign Interest in Norwegian Real Estate Will Continue"

Norway Norway Anders Solaas, newly appointed CEO for Cushman & Wakefield Realkapital, tells Nordic Property News of his views on the Norwegian market, the future development of foreign interest in Norway and what he can contribute to Cushman & Wakefield.

Salto Eiendom and Scala Retail Property Merge

Norway Norway The two shopping center companies Salto Eiendom and Scala Retail Property merge to form Norway's fourth largest retail owner.

New CEO of Cushman & Wakefield Realkapital

Norway Norway Anders Solaas has been appointed as CEO of Cushman & Wakefield Realkapital in Norway. He joins from Entra ASA, where he has had a leading role as Head of Leasing and property development.

Skanska Builds Education Facilities for the University of Bergen

Norway Norway Skanska has signed a contract with the University of Bergen to build a new education facilities at the campus area in Bergen, Norway. The contract is worth MNOK 295 (EUR 31M).

Citycon Sells Shopping Center

Norway Norway Citycon has entered an agreement regarding the divestment of Heiane Storsenter on Stord, to Drotningsvik Eiendom.

Pareto Acquires in Ski

Norway Norway Anthon B Nilsen Eiendom sells Berggård Amundsen-built in Ski Municipality to Pareto Pareto Eiendomsfellesskap.

Møller Eiendom Acquires in Oslo

Norway Norway Møller Eiendom has bought the old gas station in Balders gate 28 at Frogner in Oslo.