CBRE IM sells hotel property in central Oslo to Nrep

Norway Norway — Real estate investor Nrep has acquired Comfort Hotel Karl Johan, a 260-room hotel in the heart of Oslo, from CBRE Investment Management. Featuring a bar in the backyard terrace and fitness room, the hotel is centrally located within a 2-minute walk from Oslo Central Station and is surrounded by many of the city’s best shops and restaurants.

Veidekke to build new school for NOK 1.3 billion

Norway Norway — Oslobygg KF has entered into an agreement with Veidekke today to build Økern school in eastern Oslo. The contract is a design and build contract valued at approx. NOK 1,3 billion excluding VAT.

Entra renews lease contract in central Oslo

Norway Norway — Renewed and extended lease contract for 8,400 sqm in Biskop Gunnerus gate 14 in Oslo.

Skanska to build new student housing in Oslo

Norway Norway — Skanska has signed a contract with the Student Welfare Organization in Oslo (SiO) to build new student housing. The contract is worth NOK 513M, about SEK 520M.

Entra extends lease contract in Oslo

Norway Norway — Entra has renewed a lease contract for 5,500 sqm in Schweigaardsgate 6-14 (Galleri Oslo) with Galleri Akershus AS.

Skanska to build new school outside Oslo

Norway Norway — Skanska has signed a contract with the Municipality of Øvre Eiker to build a new school in Hokksund outside Oslo. The contract is worth NOK 477M, about SEK 480M.

NCC to build swim center in Oslo

Norway Norway — NCC has been contracted by Oslobygg KF to build the Stovner swim center in Oslo, Norway. The parties have developed the project in partnering form and construction of the swim center can now commence. The order value is approximately SEK 800 million.

Axa IM acquires two logistics assets in Moss for EUR 125 million

Norway Norway — Axa IM announces that it has acquired, on behalf of clients, two prime logistics properties in Oslo, for EUR 125 million, from Nordic property owner and developer Fabritius Gruppen.

Veidekke gets residential assignment in Oslo area

Norway Norway — Oslo S Utvikling has awarded Veidekke the commission to build the environmentally certified residential project Vannkunsten Syd in Bjørvika in Oslo. The contract is a design and build contract valued at NOK 476 million excluding VAT.

Niam Acquires Office Building in Oslo

Norway Norway — Niam has entered into an agreement to acquire Helsfyr Panorama, a high-rise office building situated in the Helsfyr area, which lies on the Eastern fringe of Oslo city center.

Out with the Old and the New in Entra's latest Major Divestment

Norway Norway — Entra has sold two properties in Oslo for almost NOK 1.5 billion. The buyer is NREP and the disposals were made at approximately one percent below book value according to Entra. For Nordic Property News, Entra's CFO Anders Olstad talks more about the background to the deal, why the property were sold below book value and what the ambition for their assets looks like going forward.

Entra Aims for Further Sales Despite the Slow Market

Norway Norway — Entra, where Balder and Castellum are major owners, has now sold properties for SEK 2.3 billion, a little more than a third of the sales target of SEK 5.5 to 6 billion. In connection with the presentation of the Q1 report, CEO Sonja Horn commented more on how the divestment work is going in the challenging transaction market and explained why the vacancy rate increased during the first quarter.

Skanska Builds Research Center in Oslo

Norway Norway — Skanska has signed a contract with Campus Ullevål AS, the Norwegian Geotechnical Institute (NGI) and Aspelin Ramm to build Campus Ullevål in Oslo, Norway. The contract is worth NOK 1.0 billion, about SEK 1.0 billion.

Entra Signs Lease Contract with Oslo Municipality

Norway Norway — Entra has signed a new lease contract with the Municipality of Oslo.

Norwegian Market Outlook for 2023: A Stronger Transaction Year to Expect

Norway Norway — As 2022 has turned into 2023, Nordic Property News has surveyed a few real estate experts in each Nordic country about the how each respective market faired in 2022 amid the war in Ukraine and a new economic climate and what is to expect in terms of transactions, foreign interest, cross-border trade and other factors that will shape the 2023 markets. Today we take a closer look at the Norwegian market with Kari-Due Andresen, Head of Research at Akershus Eiendom.

Capman Acquires a Centrally Located Office Property in Oslo from Entra

Norway Norway — The Capman Nordic Real Estate III Fund has agreed to acquire Sørkedalsveien 6, an office property located in Majorstuen, Oslo city centre from Entra. The property, immediately located in the second largest public transport hub in the area, has altogether 19,300 sqm of space spread over 18 floors above ground and two below.

SBB Signs Large Lease Agreement in Oslo

Norway Norway — The Diakonissehuset Lovisenberg Foundation becomes a new tenant at SBB's hospital at Gardermoen, Oslo. The agreement runs from 1 January 2023, and from the same date the hospital gets a new name, Cathinka Guldberg Hospital, named after the foundation's founder.

Bonava Acquires Approximately 235 Building Rights in Oslo

Norway Norway — Bonava has signed an agreement for the acquisition of approximately 12,000 square metres of land in the Jessheim district of Oslo, with plans to develop approximately 235 Nordic Swan ecolabelled housing units. The investment also includes approximately 4,900 square metres intended for commercial premises. The seller is a privately-owned residential developer and the transaction totals NOK 65 million.

NCC Gets Assignment in Oslo

Norway Norway — NCC has entered into an agreement with the City of Oslo to pave municipal roads. A total of close to 70,000 tonnes of asphalt will be laid and the two-year agreement has a value of approximately SEK 180 million.

Despite the Major Investment: The Nordics Not a Specific Target

Norway Norway — Anne-Jan Jager, Managing Director – Private Real Estate at Partners Group, tells Nordic Property News about the acquisition of Logcap’s portfolio, Partners Group’s investment targets, and whether they are looking for assets in other Nordic markets.

Newly Formed Company Makes Blockbuster Logistics Acquisition

Norway Norway — LogCap Oslo AS is sold to a newly established company organized by Arctic Securities and OroEiendom for NOK 3.3 billion. Partners Group, acting on behalf of its clients, will hold a 50 percent stake in the new company, which is acquiring a significant logistics portfolio in the Greater Oslo region.

The Logistics Opportunities Ahead in Norway

Norway Norway — Jørgen Bråten Nordby, Investment Manager at Logicenters, on the recent acquisition in Heimdal, the attraction to the area, and the Norwegian investment targets for 2022.

The Investment Opportunities in the Hot Office Area

Norway Norway — Torstein Bomann-Larsen, Associate Director Transactions Norway at Niam, on the recent office acquisition, whether the pandemic has caused investment challenges, and opportunities ahead.

Niam Acquires Office Property in Nydalen

Norway Norway — Niam has acquired a modern high quality office property in Nydalen, a well-established office cluster, just north of Oslo city center.

Arctic Securities Acquires Office Property from Capman

Norway Norway — Capman Nordic Real Estate II Fund has sold the 4,700 sqm property Lille Grensen 5 located in central Oslo to Arctic Securities for NOK 488 million.