Madison International Realty acquires majority of the ground-level commercial assets in Bjørvika, Norway’s largest urban development. Oslo S Utvikling has developed a substantial part of the assets.
American Madison is investing in Norway's largest urban development project of all time. The Norwegian company's CEO comments on why they could not resist the American bid, future transactions, and how many were fighting for the historical project.
2017 was an intense transaction year for all the Nordic countries. With the year in the books Nordic Property News can present a list of the largest transactions in all four countries – starting with Norway.
The Norwegian pension and insurance provider KLP has agreed to acquire the office development project Eufemia from Oslo S Utvikling (OSU) located in the Bjørvika CBD office district. The transaction is structured as a forward sale with deferred handover in 2019 and the agreed price for the asset is NOK 1.740 billion (EUR 185M).