Anthon B Nilsen Eiendom has entered into an agreement with Aspelin Ramm that the latter takes over the 9,200 sq.m. property Nye Broverkstedet on Vulkan in Oslo. The property is now fully let for educational, sports and office purposes.

Anthon B Nilsen Eiendom and Aspelin Ramm were partners in the development of the Vulkan area in the early 2000s. The area was converted from an outdated industrial area into a new and modern district, which today consists of businesses within culture, education, housing, hotels, commerce and dining, as well as Oslo's first and largest food hall.

In 2005, the parties demerged their jointly owned company VulkanEiendom AS and Anthon B Nilsen Eiendom became the sole owner of the Nye Broverksted and the site which was later developed for teaching buildings for Westerdals OsloACT. The latter property was later sold to financial players.

"With the sale of the New Broverkstedet, Anthon B Nilsen Eiendom concludes a more than 15 year long development course in this area along the river Akerselva. We are confident that Aspelin Ramm will continue to manage the values ​​in a very good way," says Peder Chr. Løvenskiold, CEO of Anthon B Nilsen Eiendom.

"Aspelin Ramm owns among other things Mathallen, the hotels, serving and trading areas as well as Dansens Hus, Vulkan Arena and the office buildings at Vulkan. We have a long-term horizon in our ownership of the Vulkan area, and have a continuous focus on developing and managing the area to the best of our customers and the city's population. We thank Anthon B Nilsen Eiendom for a good cooperation and look forward to incorporating the New Broverksted in our existing portfolio," says Mona Aarebrot, Director Market and Operations in Aspelin Ramm.

Akershus Eiendom has been the broker in the transaction, while the Advokatfirmaene Haavind and Thommessen have been legal advisors for respectively seller and buyer.