“We are very pleased with the purchase of these magnificent properties at Solli plass, an attractive area with great potential and a lot of activity in the heart of Oslo. We already have a strong presence in the area with several properties of similar characteristics, such as Gjensidige-gården and Handelsbygningen,” says Marianne Tvenge, owner and managing director of Fram Realinvest AS.
The Norske Liv buildings were constructed in 1867 and has over the years been interconnected and upgraded to modern offices of high quality. The properties have a combined area of just over 5,000 square meters and currently serve as the headquarters for the advisory and wealth management company Formue. The properties have a weighted average unexpired lease term (WAULT) of approximately 5.8 years.
“Nordea Liv (formerly Norske Liv) has owned the properties for over 110 years and has been a tenant for nearly 90 years. As we now choose to sell, we are pleased to pass the baton on to Tvenge, who is a very long-term and experienced property owner that will ensure the preservation of the building's history and the well-being of the tenants,” says Nils Arne Gundersen, Head of Real Estate at Nordea Liv.
“We are proud and grateful to have facilitated the transaction of the 'Liebhaber' properties on behalf of Fram Eiendom. It has been an efficient and smooth process between two professional actors, and we thank both parties for their trust,” Arnstein Rød, Head of Project Finance and Partner at Colliers Project Finance AS says.
The legal and technical advisors in the transaction were Wikborg Rein and Borg Forvaltning, respectively.