Research
May 11, 2021
Balder Fastigheter is acquiring Asset Buyout Partners from Hitecvision. ABP owns 106 industrial properties in important areas for Norwegian oil and gas activities. The portfolio totals 264 000 m² with an asset value of NOK 9 billion.
May 11, 2021
Aspelin Ramm has acquired 50 per cent of the Spektrumkvarteret development project at Sonja Henies Plass 2 in central Oslo from Norges Varemesse. The companies will jointly renovate and expand Oslo Spektrum. This new cultural and congress arena will amount to 18 000 m² and include a new auditorium with a capacity of 3 000 people. An office building accommodating 1 000 workplaces is also planned on the same site.
May 11, 2021
Ferd Eiendom has acquired several parcels of land on the south side of Blindernveien at Marienlyst from the Norwegian State Church Endowment Fund (OVF). Totalling one hectare, these land parcels will be included in the housing development on the NRK site.
May 11, 2021
A club deal arranged by NRP has acquired Ljosheimvegen 1 at Sola in Stavanger from a club deal arranged by DNB Markets. This 9 955 m² logistics property is leased to Hitec Products and Fluid Control Service.
May 11, 2021
KLP Eiendom has renegotiated two new leases totalling 31 358 m² with Gjensidige and Vy at Schweigaards gate 21 and 23 in Bjørvika. These companies have previously leased one building apiece, but Vy is now reducing its space. For its part, Gjensidige is expanding and taking over the top three stories in Schweigaards gate 23 from Vy. The leases run for 10 years.
May 11, 2021
Oslo was characterised by strict infection controls and shutdowns during the first quarter. However, the activity in the office rental market was normal with a gross absorption of 160 000 m2 and stable rents. Read more here.
May 11, 2021
Statistics Norway: The consumer price index (CPI) rose by three per cent from April 2020 to April 2021. Over the same period, the consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by two per cent.
Apr 6, 2021
A club deal arranged by Clarksons Platou Real Estate has acquired Strandveien 4-8 and 10 at Lysaker from Oslo Areal. Covering a total of 18 900 m2, these office properties are leased to such tenants as Lundin Petroleum and Pearl Norge.
Apr 6, 2021
A club deal arranged by Malling & Co Project Finance has acquired two properties at Ryensvingen 1 and 3 in Oslo from a club deal arranged by Vika Project Finance. Covering a total of 12 200 m2, these properties are leased to such tenants as Sportshuset Outlet, Kiwi and Haga & Berg Entreprenør.
Apr 6, 2021
A club deal arranged by Arctic Securities has acquired two properties on the same site at Hamarvegen 112 in Elverum for a total of NOK 1.14 billion. Terningen Arena was acquired from Balder Fastigheter. The project also includes the 4 300 m2 property leased to the Inland Norway University of Applied Sciences, which has been purchased from Utstillingsplassen Eiendom.
Apr 6, 2021
A club deal arranged by Pareto Securities has acquired Krona (Hasbergsvei 36) in Kongsberg from the Norwegian Pharmacy Association. This 24 000 m2 property is leased to such tenants as Kongsberg local authority and the University of South-Eastern Norway.
Apr 6, 2021
HIG Capital and Hamilton Hotel Partners have acquired Hotel Ullensvang (Ullensvangvegen 865) in Hardanger from the Utne family. This 15 600 m2 hotel has 170 rooms and has been owned and operated by the Utne family since 1846.
Apr 6, 2021
Norges Bank decided to keep its base rate unchanged at zero per cent in the interest-rate meeting on Thursday 18 March. However, the central bank has upwardly adjusted its interest-rate projection. This now indicates a first interest-rate increase in the second half of 2021, compared with the earlier forecast of the first half of 2022.
Apr 6, 2021
Statistics Norway: The consumer price index (CPI) rose by 3.3 per cent from February 2020 to February 2021. Over the same period, the consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by 2.7 per cent. From January to February 2021, the CPI rose by 0.7 per cent and the CPI-ATE by 0.4 per cent.
Apr 6, 2021
MSCI: The total return on Norwegian commercial property was 9.9 in 2020 (unlevered). While the direct return last year was 4.4 per cent, value grew by 5.2 per cent.
Norwegian Commercial Property Market Spring 2021
Infection control measures are tightening, at the same time as long-term interest rates are climbing. What’s next for the property market?
Updated analyses of main towns in Norway
The downturn in the Norwegian and international economies as a result of Covid-19 is having a marked effect on all Norway’s large towns. Fortunately, construction levels are lower across the board than they were during the previous downturn.
Updated segment analyses
Activity in the market is very high, with strong pressure on yields in many cases. But how do the various segments differ?
The Norwegian commercial property market autumn 2020
The transaction market is buzzing, while the macro position is depressing the rental market. Read more about how UNION expect rents and yields to develop at our new research portal.
UNION Market Report Autumn 2019
UNION's head of research Robert Nystad gives a brief overview of the Norwegian commercial property market as of October 2019.
Back to the grindstone
UNION launches autumn's market report on the Norwegian commercial property market.
Market Report Spring 2019
UNION's Head of research Robert Nystad gives a brief overview of the Norwegian commercial property market as of April 2019.
Preparing for a soft landing
Robert Nystad, Head of research UNION Gruppen
Market Report Autumn 2018
UNION'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, stupid
Gyms, 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 2018
UNION's head of research Jo W Gullhaugen gives a brief overview of the Norwegian commercial property market as of March 2018.
Market Report Autumn 2017
UNION'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 2016
Towards 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 2015
The 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 minutes
What 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 property
There 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 Premises
When 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 Market
UNION 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 Norway
Despite 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?
- Privacy
- Copyright © 2021