DTZ Buys Drammen Property from Oslo Areal

Norway — DTZ Realkapital Corporate Finance (RCF) has bought the property Greenland 34 from Oslo Areal for MNOK 170 (EUR 19M). The office property on 6,700 sqm has a very central location in Union Brygge in Drammen. The property is fully leased to Sykehuspartner and Gjensidige.

2016-10-20

"The acquisition fits well into our strategy of owning property at interchanges in large Oslo site says responsible for the project at RCF," says Anders Mørland, Corporate Finance Manager of DTZ RCF.

The transaction is based on an underlying property value of MNOK 170 (EUR 19M)

According to Mona Ingebrigtsen, of Oslo Areal AS, the sale is part of a portfolio adjustment, and that the company continues its strategy to concentrate on communication hubs in Oslo.

After the purchase, DTZ RCF owns nine properties. But according to Anders Brustad-Nilsen the number of properties under management will grow.

"Our ambition is to have around 25 properties under management by 2020, the main focus is on value- add properties at hubs in Greater Oslo area, but we also have great interest from investors for projects with long and secure cash flow", he says.