Sep 4, 2020Ferd 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.
Sep 4, 2020Fridtjof 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.
Sep 4, 2020Pareto 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.
Sep 4, 2020An 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.
Sep 4, 2020An 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.
Sep 4, 2020Aberdeen 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.
Sep 4, 2020Opinion: 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.
Sep 4, 2020Statistics 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.
Sep 4, 2020According 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.
Sep 4, 2020Norges 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.
Sep 4, 2020Statistics 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.
Sep 4, 2020Eiendom 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.
Jul 8, 2020Norwegian 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.
Jul 8, 2020A 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.
Jul 8, 2020A 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.
UNION Market Report Autumn 2019UNION's head of research Robert Nystad gives a brief overview of the Norwegian commercial property market as of October 2019.
Back to the grindstoneUNION launches autumn's market report on the Norwegian commercial property market.
Market Report Spring 2019UNION's Head of research Robert Nystad gives a brief overview of the Norwegian commercial property market as of April 2019.
Preparing for a soft landingRobert Nystad, Head of research UNION Gruppen
Market Report Autumn 2018UNION's Head of research Robert Nystad gives a brief overview of the Norwegian commercial property market as of October 2018.
It’s the supply side, stupidGyms, restaurants and retailers managed it. Providers of flexible office space – or coworking – are also pretty certain to succeed in building more than enough capacity.
Market Report Spring 2018UNION's head of research Jo W Gullhaugen gives a brief overview of the Norwegian commercial property market as of March 2018.
Market Report Autumn 2017UNION's Head of Research Jo W. Gullhaugen gives a brief overview of the Norwegian commercial real estate market as of October 2017.
Market Report Fall 2016Towards full capacity in the Oslo rental market?
Prime yield of 3.9 percent – how is secondary property affected?
UNION's Head of Research Jo W. Gullhaugen gives a brief overview of the Norwegian commercial real estate market as of October 2016.
Strong return for Norwegian real estate in 2015The IPD Norway Property Index returned 11 percent in 2015, of which income return contributed 5.3 percent. The index measures unlevered total returns to directly held properties.
Market Report in 5 minutesWhat are the vacancy rates, rent levels and prime yield in the Norwegian commercial real estate market? Read about new construction, valuation estimates and market trends across four major commercial real estate sectors and Norway's four largest ci ties. UNION's Head of Research Jo W. Gullhaugen gives a brief overview of the Norwegian commercial real estate market as of March 2016.
Pension Funds’ investment in commercial propertyThere is growing interest in Norwegian commercial property among Norwegian and international pension companies. The transaction market has never been stronger. How will current and future frameworks affect pension funds’ investment in property?
Office Market in Balance?Since 2002, housing prices in Oslo have increased by 133 percent, while the value of office buildings has risen by 50 percent. The office rental market appears to be accommodating Oslo’s new residents much more effectively than the housing market.
Psychological Drivers Behind the Choice of Office PremisesWhen renting office space, the most important factors influencing the choice of premises are often price and functionality. However, there are also some psychological factors behind the assessment of office premises.
Can Bjørvika Challenge the CBD in Oslo?Bjørvika is growing slowly but surely into a new major office hub in the area around Oslo Central Station. Many attractive tenants have moved in beside established and future cultural institutions such as the Oslo Opera House, Munch Museum and Oslo Public Library. Is Bjørvika in the process of becoming a genuine challenger to the CBD as Norway’s most attractive office area?
Snapshot of Oslo’s Commercial Real Estate MarketUNION is one of Norway's most trusted sources for property and market intelligence. Watch our 3 minutes long video presentation of Oslo’s Commercial Real Estate Market.
5 Reasons to Look to NorwayDespite the falling oil prices and decrease in office rents, the commercial real estate transaction market has been booming this year. Foreign investment into Norwegian real estate has been increasing rapidly in 2015, counting 50 percent of the total market volume. What key features attract foreign investors?