Norconsult to Buy Large Architectural Firm

Norway Norway The biggest office of architecture in Norway is getting the biggest consultancy agency in Norway as its primary stakeholder when Norconsult buys 90 per cent of the shares of Nordic – Office of Architecture.


Share via e-mail

Nordic – Office of Architecture is home to the architects responsible for high-profile buildings such as Gardermoen Airport, St. Olav's Hospital and the Norwegian government building complex. Nordic is now to become part of the Norconsult Group, but will continue developing as a separate business and brand.
Nordic – Office of Architecture will continue operating with the same management team and 11 partners in the group of owners, and no changes will be made to the Norconsult organisation as a result of the transaction.
"The two companies complement one another perfectly and joining forces with Norconsult will give us what we need to continue developing an ambitious and long-term culture of quality. We will have the Nordic region as our domestic market and a launchpad for major, international commissions. Together, we will stand even stronger in the marketplace, better equipped to take advantage of the digital revolution taking place in our industry. All in all, this move opens up opportunities for our architects to grow and create fantastic architecture," says Gudmund Stokke, Chairman of the Board and Principal Partner at Nordic – Office of Architecture.
Norconsult and Nordic – Office of Architecture have previously collaborated on a number of projects including Gardermoen and Flesland airports, as well as the LHL, Førde and Aker hospitals.
"This is a continuation of Norconsult's existing strong focus on the architectural professions and reinforces the competitiveness of both companies. From our perspective, Nordic was the obvious choice: they have a solid base of skills and a culture that gels neatly with our own. Together, we can provide robust, inter-disciplinary Nordic skills and experience in the fields of regional planning, project design and architecture," adds Per Kristian Jacobsen, President and CEO of Norconsult.
Nordic – Office of Architecture employs 170 people in Oslo, Copenhagen and London, while Norconsult employs 3,350 people at 93 offices in Norway and around the world. The transaction is scheduled for finalisation before summer 2018, subject to approval from the Norwegian Competition Authority.

Maria Olsson Äärlaht

Entra Purchases Plots in Bergen

Norway Norway Entra has purchased two plots by the Media City Bergen property in Bergen for EUR 14M.

Forenom Expands in Norway

Norway Norway Forenom is expanding and the new CEO, Ola A. Bjørnstad, is the company`s first Norwegian leader in Norway.

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.

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).

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.

Citycon Sells Shopping Center

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