Selvaag Acquires in Oslo

Norway Norway Selvaag Eiendom buys Dronningens gate 13 in Kvadraturen in Oslo from Ragde Eiendom.

2019-03-06

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Selvaag Eiendom has acquired Dronningens gate 13 in Kvadraturen in Oslo. Image: Selvaag Eiendom
Selvaag Eiendom has acquired Dronningens gate 13 in Kvadraturen in Oslo.

"When Selvaag Eiendom is looking for new, exciting investments, Kvadraturen is one of the most attractive areas in Oslo. This is a strategically important investment for Selvaag Eiendom, and the property fits well into our portfolio strategy. We have a long-term perspective on everything we do, and we want to contribute to further development also in Kvadraturen. Dronningens gate 13 is well located in the area, and we look forward to taking over this splendid property," says Cecilie Martinsen CEO of Selvaag Eiendom.

It is Edgar Haugen's Ragde Eiendom that sells the property. Union Norsk Næringsmegling has been the transaction advisor for Selvaag Eiendom, while the law firm Haavind has been a legal advisor.

The property's area is 16,000 square meters spread over 7 floors and basement. The Directorate for Cultural Heritage is the largest tenant.

"For Selvaag Eiendom, it is very important that we have satisfied customers, and the first thing to do now is to ensure that the tenants who are in the building experience this as a good passing of the baton. We have some thoughts on how the property can be further developed in the long term, and it is natural that we look more closely at the possibilities that lie within the property," says Cecilie Martinsen.




Axel Ohlsson
axel@nordicpropertynews.com




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