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» Chronological View: " Norway " «

Meyer Bergman's third European Retail Real Estate Fund closes its capital-raising

Meyer Bergman has secured €816 million of equity commitments from international institutional investors for its third fund and associated co-investment vehicles at the final close of capital-raising. Meyer Bergman European Retail Partners III (MBERP III) held its final close with commitments from 15 international pension fund...
Monday, 15. January 2018
Round Hill Capital strengthens and repositions its Nordic logistics portfolio

Round Hill Capital strengthens and repositions its Nordic logistics portfolio

Round Hill Capital made progress in strengthening and repositioning its Nordic logistics and industrial portfolio and has appointed Jacob Goldmann and Jakob Paljak as local Asset Managers dedicated to the portfolio. Round Hill acquired the portfolio, to which it is the manager, in September 2016 in partnership with StepStone ...
Monday, 15. January 2018

Second highest Nordic transaction volume ever in 2017

Transaction volumes in the Nordic commercial real estate market will exceed €42 billion in 2017. This is the second highest level ever recorded and Sweden is the only country showing lower volumes than last year, according to new figures from Pangea Property Partners.
Monday, 8. January 2018

Norges Bank Investment Management strengthens leader group

Norges Bank Investment Management expands the leader group with three persons. Carine Smith Ihenacho has been appointed as Chief Corporate Governance Officer, Hege Gjerde as Chief Financial Officer, and Sirine Fodstad as Chief HR Officer.
Friday, 5. January 2018
Patrizia sells mixed-use commercial property in Oslo

Patrizia sells mixed-use commercial property in Oslo

Patrizia Immobilien has sold a mixed-use retail and office property in central Oslo to CapMan Real Estate. The property is located on Lille Grensen, a well-known pedestrianised street in the heart of the Norwegian capital’s city centre. The sales price is not disclosed.
Friday, 22. December 2017

World's biggest sovereign fund enters Asian property market

Norges Bank Real Estate Management has signed an agreement to acquire a 70 percent interest in five properties in Tokyo, Japan, in a joint venture with a new partner, Tokyu Land Corporation. The seller is Veloqx Group. The agreement was signed on 7 December 2017, and is scheduled to be completed at the end of December.
Friday, 15. December 2017

M7 closes largest fund at €400m

M7 Real Estate has completed the final close of its fourth European investment fund M7 European Real Estate Investment Partners IV. The fund has total capital commitments of €400 million raised from a wide investor base. With over 30 investors, M7 has broadened its investor base which includes two major US investors and a n...
Monday, 27. November 2017

Incit changes its name to Aareon

The Scandinavian Aareon subsidiaries Incit AB, Sweden, and Incit AS, Norway, will operate under the umbrella brand Aareon from now on.
Wednesday, 15. November 2017
Skanska builds conference hotel in Drammen for €31.7 million

Skanska builds conference hotel in Drammen for €31.7 million

Skanska has signed a contract with Bane NOR Eiendom to build a conference hotel in Drammen. The contract is worth €31.7m (NOK 300m), which will be included in the Nordic order bookings for the fourth quarter 2017. The project comprises a total of 13,500 square meters and is located next to Drammen Station. The conference hote...
Monday, 30. October 2017

NRP buys retail property in Tønsberg

Ness, Risan & Partners has acquired a retail property in Tønsberg. The 6,800 square meter property is let out to Løvenskiold Handel - Maxbo on a longer lease contract. The property also includes a 19,000 square meters plot with potential for development. The property is strategically located for its purpose, between a relativ...
Monday, 9. October 2017

The Nordic property market at the peak or just on its way?

The Nordic property markets will continue to perform well but faces new challenges, according to the new report Pangea Property Outlook 2017/2018. The winners will be segments with continued rental growth, such as attractive offices in the capital regions, while there is upward yield pressure on interest rate sensitive proper...
Monday, 9. October 2017

Bonava completes first investor transaction in Bergen

Bonava has sold a housing project in Bergen to the investor Utleiebolig AS. The project consists of 70 rental apartments. „This represents the company’s first sale to an investor in Norway and is aligned with our strategy to develop additional rental projects and investor sales in Bergen and our other markets,“ says Joachim H...
Friday, 6. October 2017

Alma raises over €140m for its first pan-Nordic opportunistic real estate fund

Alma's real estate fund focuses on commercial and residential property investments in Sweden, Finland, Denmark and Norway. The investors include institutions from Sweden, Germany, France and the United Kingdom. The fund has an investment capacity of €400 million. „Completing our inaugural fundraise is an important and excitin...
Friday, 29. September 2017

VIA Outlets acquires Norwegian Outlet Oslo for €120 million

VIA Outlets, a venture formed by APG, Hammerson plc and principals from Meyer Bergman and Value Retail, has signed an agreement to acquire Norwegian Outlet Oslo from family-owned Glastad Holding and Fortus AS for a net price of approximately €120 million (1.1 billion Norwegian kroner). The acquisition will add a second Scandi...
Wednesday, 13. September 2017

Government Pension Fund Global gets returns of €21.8 billion

The Government Pension Fund Global returned 2.6 percent, or €21.8 billion (NOK 202 billion), in the second quarter of 2017. Equity investments returned 3.4 percent, while fixed-income investments returned 1.1 percent. Investments in unlisted real estate returned 2.1 percent. The total return on investments was 0.3 percentage ...
Wednesday, 30. August 2017

NCC acquires operations of Nordisk Fundamentering from Peab

NCC has entered into an agreement to acquire operations of the Peab-owned company Nordisk Fundamentering. NCC is taking over the personnel and machinery belonging to Nordisk Fundamentering AS. Until the Competitions Authority has approved the takeover, Nordisk Fundamentering will continue as a separate company. After the take...
Tuesday, 29. August 2017

Meyer Bergman launches Promenaden Fashion District in Oslo

Meyer Bergman is launching Oslo Promenaden Fashion District. Working closely with other landlords and it's Oslo based property management firm, Promenaden Management, the district consolidates Oslo's most exclusive shopping areas made up of 800 luxury brands, restaurants and cafés, spread across seven iconic streets and ancho...
Thursday, 13. July 2017

Skanska sells office building in Oslo

Skanska has sold its 50 percent ownership in the office building Sundtkvartalet in Oslo to its joint venture partner Entra Eiendom for €83.6 milllion (NOK 795 million). The transaction will be booked by Skanska Commercial Development Nordic in the third quarter 2017. Entra takes ownership of Skanska's shares in the company on...
Tuesday, 11. July 2017