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UNION Monthly – archive searches

We have digitalised and made accessible our whole archive of reports from UNION Monthly. All items are categorised by geographical location and segment, and you can easily choose between transactions, the rental market and macro topics.

UNION Monthly is the regular newsletter we send our international clients, and summarises all relevant property and macro stories in a concise form. If you are not a subscriber already, you can sign up here.

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  • Sep 4, 2020

    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.
    • Transaction
    • Oslo
    • CBD
    • Office
  • Sep 4, 2020

    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.
    • Transaction
    • Oslo
    • Inner City West
    • Other
  • Sep 4, 2020

    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.
    • Transaction
    • Oslo
    • Logistics
  • Sep 4, 2020

    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.
    • Transaction
    • Other
    • Office
  • Sep 4, 2020

    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.
    • Transaction
    • Oslo
    • Outer North/East
    • Logistics
  • Sep 4, 2020

    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.
    • Rental market
    • Oslo
    • Skøyen
    • Office
  • Sep 4, 2020

    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.
    • Macro
  • Sep 4, 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.
    • Macro
  • Sep 4, 2020

    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.
    • Macro
  • Sep 4, 2020

    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.
    • Macro
  • Sep 4, 2020

    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.
    • Macro
  • Sep 4, 2020

    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.
    • Macro
    • Oslo
    • Residential
  • Jul 8, 2020

    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.
    • Transaction
    • Residential
  • Jul 8, 2020

    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.
    • Transaction
    • Other
    • Office
  • Jul 8, 2020

    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.
    • Transaction
    • Oslo
    • Logistics
  • Jul 8, 2020

    Norges Bank resolved to keep its base rate unchanged at zero per cent in the interest-rate meeting on 18 June. The central bank envisages keeping the rate unchanged until 2023.
    • Macro
  • Jul 8, 2020

    Statistics Norway: The consumer price index (CPI) rose by 1.3 per cent from May 2019 to May 2020. Over the same period, the consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by three per cent. The CPI increased by 0.2 per cent from April to May 2020, with the CPI-ATE rising 0.1 per cent.
    • Macro
  • Jul 8, 2020

    Statistics Norway: Seasonally adjusted figures from the labour force survey showed that unemployment in May 2020 was at 5.2 per cent. The three-month average from March to May was 4.2 per cent.
    • Macro
  • Jul 8, 2020

    Opinion: The consumer confidence index (CCI) was negative at 0.8 points in June, up from a negative 4.4 points in May. It was thus 12.5 points higher than the low point in April 2020.
    • Macro
  • Jul 8, 2020

    UNION: Office vacancy in Oslo was 5.7 per cent in the second quarter, an increase of 0.2 percentage points over the past six months. The vacancy rate is now 0.3 percentage points higher than the same period of last year.
    • Macro
    • Oslo
    • Office
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