This landmark building, which comprises 14,000 sqm of office and retail space, is in a prime location beside the Oslo City Hall, in the prestigious area of Vika in the CBD. Hieronymus Heyerdahlsgate 1, named after the Mayor of Oslo from 1912 to 1914, was built in 1936 as part of the City Hall and Vika area development. Today, the historic asset is home to several office and retail tenants, some of which have been in the building since construction.  

The seller is Bendixen Eiendom AS. The property has never been sold previously.

Rik Eertink, Country Manager Nordics, CBRE Global Investors, said:

– We are pleased to have secured our second acquisition in Oslo. We are aiming to make additional acquisitions in the short-term within the Nordic region and are actively scanning the market for that purpose. With a 10-year Nordic track record, a footprint in all four Nordic countries and dedicated teams within the region, we have ambitious plans to grow the business.

John Mulqueen, Head of Transactions EMEA, CBRE Global Investors, said:

– We are delighted to have secured this exceptional asset.  We have a significant amount of capital to invest in 2016 and remain focussed to identify further attractive investment opportunities in the Nordics and across EMEA on behalf of our clients. We have an outstanding local team and are proud of our track record in successfully completing transactions across the region.
 
CBRE Global Investors already owns Bogstadveien 11, the H&M flagship store in Oslo.