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

"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.

Bryn Eiendom Purchase Two Properties

Norway Norway Bryn Eiendom has bought another two properties at Bryn, and now owns approx. 106,000 square meters of commercial buildings in the area.