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ARTICLES TAGGED WITH "Union"

Union and Gjelsten form new residential company in Oslo

Norway Norway — Union Residential Development, Union Real Estate Fond IV and Gjelsten Bolig have entered into an agreement to establish a joint housing development company with a focus on Oslo. The company will receive a land bank of close to 600 homes spread over seven projects in Oslo that will be developed over the next few years. The transaction has a value of NOK 1.5 billion.

After the Bonava deal – here is what Union Residential Development wants to invest in next

Norway Norway — Union Residential Development takes a big step by acquiring Bonava’s Norwegian portfolio and operations. Baard Schumann, Partner and CEO of Union Residential Development, tells Nordic Property News about the acquisition, what new investments they are looking for and when they hope to have the next deal done.

Large Transaction in Stavanger

Norway Norway — Øgreid Eiendom has divested Ankerkvartalet of 28,000 square meters to Union Eiendomskapital.

Ica Fastigheter to Sell It's Entire Norwegian Portfolio

Norway Norway — Ica Fastigheter is selling Ica Eiendom Norge AS, with an underlying property value of SEK 2.2 billion (EUR 224M), to Union Real Estate Fund II, a real estate fund managed by the Norwegian firm Union Eiendomskapital.

Norwegian Brokers Believe in Good 2016

Norway Norway — 2015 broke all records on the Norwegian transaction market and properties for NOK 120 billion (€13M) were sold. The brokers believe that 2016 will be good as well, but they expect lower levels.

Union Purchases in Norway

Norway Norway — KLP Eiendom divests the logistics property Søren Bulls vei 2 to a fund managed by Union Real Estate for MNOK 195 (€21M).