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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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  • 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.
    • Transaction
  • 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.
    • Transaction
    • Oslo
    • Bryn-Helsfyr
    • Hotel
  • 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.
    • Transaction
    • Other
    • Office
  • 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.
    • Transaction
    • Stavanger
    • Bergen
    • Oslo
    • Other
    • Residential
  • Jan 29, 2020

    Real Forum has purchased Torgallmenningen 10 in central Bergen from Bara Eiendom for NOK 280 million. This 3 100 m2 property is leased to such tenants as Haltenbanken, Mannheimer, Vero Moda and Jack & Jones.
    • Transaction
    • Bergen
    • Office
    • Retail
  • Jan 29, 2020

    KLP Eiendom has bought Ranheimsveien 9 in Trondheim from private investors for NOK 500 million. Covering 19 300 m2, this office property is leased to such tenants as Atea, Sticos and Kredinor.
    • Transaction
    • Trondheim
    • Office
  • Jan 29, 2020

    Aberdeen Standard Norway Balanced Property Fund has acquired three logistics properties from Bulk Infrastructure. A 7 280 m2 newbuild at Lindeberg is leased to Alimenta for a 15-year term. In addition, two properties at Deliveien 5 in Vestby total 8 640 m2 and are leased to Iron Mountain with a remaining term of 6.4 years.
    • Transaction
    • Oslo
    • Logistics
  • Jan 29, 2020

    Stavanger Utvikling, in partnership with Entra, OBOS Nye Hjem and Camar Eiendom, is to build a minimum of 205 000 m2 on land adjacent to Hinna Park at Jåttåvågen in Stavanger, broken down into 60 per cent residential units and 40 per cent offices. The players envisage a development period of 25 years and an investment of NOK 10 billion in all.
    • Rental market
    • Stavanger
    • Residential
    • Office
  • Jan 29, 2020

    Statistics Norway: The consumer price index (CPI) rose by 1.4 per cent from December 2018 to December 2019. The consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by 1.8 per cent over the same period.
    • Macro
  • Jan 29, 2020

    Office vacancy in Oslo was 5.5 per cent in the fourth quarter. Vacancy increased by 0.1 percentage points over the past six months, but was down 0.2 percentage points from the same period of 2018.
    • Rental market
    • Oslo
    • Office
  • Jan 29, 2020

    Arealstatistikk: The average level of rent for signed leases in Oslo was NOK 2 420/m2 in the fourth quarter of 2019. That represented an 8.5 per cent rise from the third quarter of 2019. The four-quarterly rolling average was up by two per cent from the third quarter and 5.6 per cent from the fourth quarter of 2018.
    • Rental market
    • Oslo
    • Office
  • Jan 29, 2020

    Eiendom Norge: House prices in Norway fell by 0.8 per cent in December. When corrected for seasonal variations, the increase was 0.1 per cent. House prices are now 2.6 per cent higher than a year ago. In Oslo, house prices rose by 0.5 per cent in December and are now up by 5.5 per cent from 12 months ago but down two per cent from the peak reached in February 2017.
    • Macro
    • Residential
  • Dec 3, 2019

    Selvaag Bolig has decided to sell its land bank to Urban Property for NOK 3.4 billion. Urban Property is a newly established company owned by Selvaag AS, Oslo Pensjonsforsikring, Equinor Pensjon and Rema Etablering Norge. Selvaag Bolig will have a pre-emptive right to repurchase and an option to buy back the sites, and the plan is to re-acquire the land as and when required.
    • Transaction
    • Other
    • Oslo
    • Residential
  • Dec 3, 2019

    Estatenyheter: Stor-Oslo Eiendom and a Fearnley Project Finance club deal have acquired Østre Aker vei 90 and 96-98 at Linderud in Oslo from Winta Eiendom and Orkla Eiendom. Today’s buildings total 46 000 m2 divided between six office blocks and are leased to such tenants as Bravida. The buyers will seek a planning change of use and to build homes on the 7.3-hectare site.
    • Transaction
    • Oslo
    • Outer North/East
    • Office
    • Residential
  • Dec 3, 2019

    Estatenyheter: A NRP club deal has acquired Borgundvegen 340 (the Norwegian Maritime Competence Centre) in Ålesund from an Arctic Securities club deal for about NOK 1 billion. The 39 000 m2 property is leased to such tenants as the Norwegian University of Science and Technology, Atea, Kongsberg Gruppen and Sintef. Annual rental income is about NOK 65 million.
    • Transaction
    • Other
    • Office
    • Health/education
  • Dec 3, 2019

    Entra ASA has acquired Møllendalsveien 6-8 in Bergen from Backer Eiendom for NOK 400 million. This 14 500 m2 office property is leased to such tenants as the Western Norway University of Applied Sciences, Backe Bergen and the Bergen School of Art with a remaining term of 1.2 years. Annual rental income is NOK 26.4 million.
    • Transaction
    • Bergen
    • Office
  • Dec 3, 2019

    Fund Corum XL has acquired Olav Sæters veg 2 in Elverum from several private investors. This 11 180 m2 retail park is leased to such tenants as Elkjøp, Rusta, Power and Byggmakker. French fund manager Corum Asset Management has thereby acquired its first property in Norway.
    • Transaction
    • Other
    • Retail
  • Dec 3, 2019

    NE: Seabrokers Eiendom has extended and expanded its lease of 20 000 m2 to Equinor at Vassbotnen 23 in Forus outside Stavanger. The energy company has signed a five-year lease.
    • Rental market
    • Stavanger
    • Office
  • Dec 3, 2019

    Statistics Norway: The consumer price index (CPI) rose by 1.8 per cent from October 2018 to October 2019. The consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) was up by 2.2 per cent over the same period.
    • Macro
  • Dec 3, 2019

    Statistics Norway: Gross national product for mainland Norway rose by 0.7 per cent from the second quarter to the third. The rate of growth was particularly strong in July, but slowed in both August and September.
    • Macro
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