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UNION

Research

  • Mar 10, 2020

    Ferd Eiendom has acquired the 8.5-hectare site at Bjørnstjerne Bjørnsons plass 1 in Marienlyst, Oslo, from the Norwegian Broadcasting Corporation (NRK). The final purchase price will depend on the outcome of the planning process, but will be at least NOK 3.75 billion. NRK is eventually due to relocate, and Ferd plans to redevelop the property to provide about 1 200 new housing units.
  • Mar 10, 2020

    Citycon has purchased Partners Group’s 80 per cent stake in a retail portfolio comprising Stovner Senter in Oslo, Torvbyen in Fredrikstad and Markedet in Haugesund. Worth about NOK 1.5 billion, the transaction means that Citycon is now sole owner of the 66 900 m2 portfolio.
  • Mar 10, 2020

    Following the portfolio transaction, Citycon decided to sell Markedet (Skåregata 92) in Haugesund to Caiano Eiendom for NOK 120 million. This 10 600 m2 shopping centre is leased to 23 stores.
  • Mar 10, 2020

    A club deal arranged by Clarksons Platou has acquired Kokstadflaten 35 in Bergen from the Odfjell family. The 24 200 m2 office building is leased to Odfjell Drilling. Odfjell has taken a 33 per cent share in the deal and will continue to administer the property.
  • Mar 10, 2020

    Tre Kronor Property Investment has acquired a retail portfolio distributed around Norway from UNION Real Estate Fund II. Totalling 11 008 m2, the portfolio comprises six properties leased to Norgesgruppen, Bunnpris and Norsk Butikkdrift among others. Annual rental income is NOK 15.1 million.
  • Mar 10, 2020

    Promenaden Management has awarded a lease to Chanel at Nedre Slottsgate 10 in central Oslo. The fashion store will occupy three stories and is due to move in during 2021.
  • Mar 10, 2020

    Norwegian Property has awarded BNP Paribas a 10-year lease covering 2 700 m2 in Støperigata 2 at Aker Brygge in Oslo. This 13 000 m2 office building is thereby fully occupied.
  • Mar 10, 2020

    Statistics Norway: The consumer price index (CPI) rose by 1.8 per cent from January 2019 to January 2020. The consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by 2.9 per cent over the same period.
  • Mar 10, 2020

    UNION’s bank survey for the first quarter of 2020 shows an average bank margin of 203 basis points for new five-year loans with 65 per cent loan-to-value. That is one bp down from the previous quarter and 10 bps below the level a year ago.
  • Mar 10, 2020

    UNION: Office vacancy in Oslo is 5.6 per cent in the first quarter of 2020, up by 0.3 percentage points over the past six months but down by 0.1 percentage points from the same time last year.
  • Mar 10, 2020

    UNION’s coworking survey from January 2020 shows an occupancy rate of 64 per cent in Oslo. That represents an increase of one percentage point since the previous survey in August 2019. The number of flexible workplaces has risen by 23 per cent over the past year. More than 135 000 m2 of such space is currently provided in around 90 centres.
  • Jan 29, 2020

    Samhällsbyggnadsbolaget i Norden (SBB) has acquired 91.2 per cent of Hemfosa Fastigheter. This portfolio includes 51 properties in Norway, which had a combined estimated value of SEK 9.6 billion in the third quarter of 2019.
  • Jan 29, 2020

    Storebrand Eiendomsfond Norge KS has acquired Scandic Helsfyr (Innspurten 7) in Oslo from Eiendomsspar for NOK 1.1 billion. Currently being refurbished, this hotel will be expanded from 253 to 450 rooms and is leased to Scandic Hotels until 2037.
  • Jan 29, 2020

    A club deal arranged by Njord Securities, Kraft Finans and Njord Kapitalforvaltning has purchased Anton Jenssens gate 2 in Tønsberg from private investors for about NOK 600 million. This 20 000 m2 property is leased to such tenants as Vestfold Hospital, Bufetat, Tenden Advokatfirma and Coop. Rental income for 2020 is NOK 35.4 million.
  • Jan 29, 2020

    Solon Eiendom has acquired all the shares in Kruse Smith Eiendom for NOK 608 million. It thereby takes over 660 homes under construction and a land bank with opportunities for building 2 500 more. These sites are located in Oslo, Bergen, Stavanger, Sandnes and Kristiansand.

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