CBRE Global Investors sells Oslo office

CBRE Global Investors, on behalf of one of its pan-European funds, has agreed the sale of Hieronymus Heyerdahlsgate 1, a 13,741 sq m office asset in Oslo, Norway to Ferd A/S, a family-owned Norwegian investment-company, in an off-market transaction. 

Hieronymus Heyerdahlsgate 1 is let to 25 tenants and includes 2,470 sq m of retail accommodation at ground-floor level. It was acquired by CBRE Global Investors in 2016. Located in the Vika neighbourhood of central Oslo, the asset is conveniently situated for the city’s main transport hubs, the City Hall and the national theatre, and benefits from amenities such as a gym and bicycle parking.  

Andreas Norberg, Head of Investment Operations Nordics at CBRE Global Investors, says: “This off-market transaction represented a good opportunity to outperform our asset business plan after holding the asset for more than four years. To have achieved this against the backdrop of the Covid-19 pandemic is a strong endorsement of our ability to identify and execute competitive investment opportunities, but also of our strength in the Nordic region. We continue to see significant opportunities in the Nordics and plan to redeploy this capital in line with our ambition to grow our holdings in this market.” 

CBRE Norway and Bahr advised CBRE Global Investors. 

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