Ferd Eiendom has purchased Hieronymus Heyerdahls gate 1 in Oslo’s central business district from CBRE Global Investor. This 11 500 m2 office building is leased to such tenants as Graphcore, Verdane Advisors and Norvestor Advisory.

Fridtjof Eiendom has acquired the Colosseum cinema (Fridtjof Nansens vei 8) at Majorstua in Oslo from Ragde Eiendom. Covering 2 000 m2, the building is leased to Nordisk Film Kino for a remaining term of about 13 years.

Pareto Eiendomsfellesskap IS/AS has purchased Toveien 41 in Vestby from Anthon B Nilsen Eiendom. Due for completion in late 2021, this 23 000 m2 logistics building is leased to Optimera for a 13-year term.

An Arctic Securities club deal has acquired Vestveien 18 and 20 in Ski from private investors for NOK 274.5 million. Covering a total of 7 000 m2, this property is leased to such tenants as the police, Gjensidige and Handelsbanken.

An NRP Finans club deal has acquired Østre Aker vei 95 in Oslo from Daimyo Eiendom. The 11 000 m2 logistics building is leased to First Mover Group.

Aberdeen Eiendomsfond Norge I AS has renegotiated the lease with NorgesGruppen for 15 900 m2 in Karenslyst allé 12-14 at Skøyen in Oslo. The lease runs for 12 years.

Opinion: The consumer confidence index (CCI) was minus 4.8 points in August, down from minus 1.0 in July. The index is now 8.5 points higher than at its low point in April 2020.

Statistics Norway: Gross domestic product for mainland Norway grew by 3.7 per cent in June, but was nevertheless down by 6.3 per cent from the first quarter of 2020 to the second quarter. This is the largest quarterly decline ever recorded by Statistics Norway.

According to the Labour and Welfare Administration (NAV), 122 200 people were registered as wholly unemployed at 28 August. That represented 4.3 per cent of the workforce. Unemployment is now down by 6.4 percentage points from the April peak, which corresponds to about 170 000 people. Unemployment is 7.6 per cent if job seekers on work creation schemes and the partially unemployed are included.

Norges Bank decided to keep its base rate unchanged at zero per cent at the interest-rate meeting on Thursday 20 August. The interest-rate projection is unchanged, and the central bank still expects to maintain its base rate at the present level until 2023.

Statistics Norway: The consumer price index (CPI) rose by 1.3 per cent from July 2019 to July 2020. Over the same period, the consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by 3.5 per cent. The CPI increased by 0.7 per cent from June to July 2020, with the CPI-ATE rising 0.9 per cent.

Eiendom Norge: House prices in Norway rose by 0.4 per cent in July. Corrected for seasonal variations, they were up by 0.9 per cent. Seasonally adjusted house prices are now 4.9 per cent higher than a year ago. Prices in Oslo rose by 0.6 per cent in July, are 5.6 per cent up from the same month in 2019, and the nominal house price is now higher than at any previous time.

Norwegian Property, Fredensborg Bolig and Union Real Estate Fund III have acquired Veidekke Eiendom from Veidekke ASA for about NOK 8.3 billion. At 31 December 2019, this company had 1 575 homes under construction and a land bank equivalent to some 15 500 units in Norway and Sweden.

A DNB Markets club deal has acquired Drammen Business Center (Dr Hansteins gate 9) from Bane Nor Eiendom for NOK 740 million. This 13 000 m2 office building is leased to such tenants as KPMG, the Norwegian Public Roads Administration and the county governor of Oslo and Viken, with a remaining lease duration of 10 years. Annual rental income amounts to about NOK 35 million.

A club deal arranged by NRP Finans and Pareto Securities has acquired Toveien 35 and 39 in Vestby from DSV Panalpina A/S. This 58 000 m2 logistics building is due for completion in August 2020. The seller has signed a sale and leaseback agreement.