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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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  • Jul 2, 2019

    DNB Scandinavian Property Fund has purchased Vitaminveien 4 at Storo in Oslo from Skanska Commercial Development for NOK 1 325 million. This 24 000 m2 office building is leased to the Norwegian Directorate of Health, the Sagene district, Opera Software and Evolve Business Space.
    • Transaction
    • Oslo
    • Nydalen
    • Office
  • Jul 2, 2019

    Carucel Eiendom has called the option to acquire one-third of the equity interest in the commercial areas at Sørenga, Sørengkaia, Barcode and northern part of Bispevika, as well as the associated parking facilities at Sørenga and Munch Brygge from Madison International for approximately NOK 1 100 million. Carucel Eiendom will manage the 38 000 m2 portfolio in Bjørvika in Oslo.
    • Transaction
    • Oslo
    • Bjørvika
    • Retail
    • Other
  • Jul 2, 2019

    A NRP syndicate has acquired Energivegen 12 in Tananger from K2 Stavanger. The 10 000 m2 mixed use property is leased to Expro Norway with an annual rental income of around NOK 25 million.
    • Transaction
    • Stavanger
    • Logistics
    • Office
  • Jul 2, 2019

    Ragde Eiendom has purchased Petroleumsveien 6 at Forus in Stavanger from DNB Scandinavian Property Fund. This 9 600 m2 office building is currently leased to SpareBank 1 SR-Bank and Eiendomsmegler 1 SR-Eiendom. Annual rental income is around NOK 18 million. As previously reported, SpareBank 1 SR-Bank will be moving its head office to Finansparken (Bjergsted Terasse 1) in Stavanger this autumn.
    • Transaction
    • Stavanger
    • Office
  • Jul 2, 2019

    Scala Eiendom has acquired CC Drammen (Tomtegata 36) from Niam Nordic V. The 22 600 m2 shopping centre accommodates more than 30 retail outlets.
    • Transaction
    • Other
    • Retail
  • Jul 2, 2019

    Steen & Strøm and Storebrand are making a complete about-turn at Økern in Oslo. They now want to build a market square and shopping streets covering 15 000 m2 in all, split between shops, restaurants and cultural provision. In addition, 2 000 homes and 117 000 m2 of commercial space for offices and hotels are planned. This represents an increase of 1 800 homes and 72 000 m2 in office and hotel space as well as a reduction of 30 000 m2 in retailing space compared with the original scheme.
    • Rental market
    • Oslo
    • Økern-Hasle-Løren-Ulven
    • Retail
    • Office
    • Hotel
  • Jul 2, 2019

    Eiendomsspar has awarded a lease covering 2 700 m2 to WeWork at Tjuvholmen allé 1–5 in Oslo. The global coworking player will be opening its first flexible workspace in Norway at the end of the fourth quarter of this year.
    • Rental market
    • Oslo
    • CBD
    • Office
  • Jul 2, 2019

    DNB Næringseiendom has awarded a lease covering 4 200 m2 with WeWork at Fjordalléen 16 in Oslo’s Aker Brygge district. WeWork will be opening its second flexible workspace in Norway during the first quarter of 2020.
    • Rental market
    • Oslo
    • CBD
    • Office
  • Jul 2, 2019

    Statistics Norway: The consumer price index (CPI) rose by 2.5 per cent from May 2018 to May 2019. The consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) showed an increase of 2.3 per cent over the same period.
    • Macro
  • Jul 2, 2019

    Norges Bank increased its base rate from 1.00 to 1.25 per cent on Thursday 20 June. The central bank envisages raising this rate once more during the year.
    • Macro
  • Jun 4, 2019

    OBOS Eiendom has sold Scandic Ørnen (Lars Hilles gate 18) in Bergen to Oslo Pensjonsforsikring for about NOK 800 million. This 19 000 m2 hotel property with 368 rooms is leased to Scandic Hotels Group.
    • Transaction
    • Bergen
    • Hotel
  • Jun 4, 2019

    Tristan Capital Partners has acquired Tveten Park (Ole Deviks vei 2) at Bryn in Oslo from a SPG syndicate for NOK 570 million. Totalling 35 000 m2, the three office properties are leased to such tenants as Q-Park, One-Co, Profilforum and Trade Solutions. Annual rental income totals NOK 40 million.
    • Transaction
    • Oslo
    • Outer North/East
    • Logistics
  • Jun 4, 2019

    Samhällsbyggnadsbolaget i Norden (SBB) has acquired three portfolios comprising a total of 30 sheltered housing units in Oslo, Trondheim and Lillehammer. The portfolio is fully leased to Ambea and Ecura with a remaining term of 7.5 years. Annual rental income comes to NOK 26.9 million.
    • Transaction
    • Oslo
    • Other
    • Residential
  • Jun 4, 2019

    A Malling & Co syndicate has acquired Kanalarmen 12 at Forus in Stavanger from Wenaas Kapital. This 10 600 m2 mixed-use property is leased to MRC Global and FPE Sontum on long barehouse leases. Annual rental income totals NOK 20 million. Wenaas Kapital has retained a 30 per cent interest in the syndicate.
    • Transaction
    • Stavanger
    • Office
    • Logistics
  • Jun 4, 2019

    Aberdeen Property Balanced Fund has acquired Gjellebekkstubben 12 at Liertoppen from Harlem Foods. The latter has entered into a sale and leaseback agreement for the 7 600 m2 logistics property. The lease has a term of 15 years.
    • Transaction
    • Oslo
    • Logistics
  • Jun 4, 2019

    A Carnegie syndicate has acquired Industriveien 59-61 at Heimdal in Trondheim from Krigsvoll Holding. Krigsvoll AS is the tenant of this 16 500 m2 property with a remaining term of five years. Krigsvoll Holding has retained a 25 per cent interest in the syndicate.
    • Transaction
    • Trondheim
    • Logistics
  • Jun 4, 2019

    Anthon B Nilsen Eiendom has sold Nye Broverksted (Vulkan 13) in Oslo to Aspelin Ramm. The 9 200 m2 property is leased to such tenants as Athletica, the Women’s Health Forum and the Einar Granum School of Arts.
    • Transaction
    • Oslo
    • Inner City North
    • Office
    • Health/education
  • Jun 4, 2019

    Ole G Ottersland has sold the Harebakken Centre (Langsæveien 5) in Arendal to the Sørbøe and Løseth families for NOK 487 million. With 60 retail outlets, this shopping centre covers 19 000 m2 and has 700 parking spaces.
    • Transaction
    • Other
    • Retail
  • Jun 4, 2019

    Statistics Norway: The consumer price index (CPI) rose by 2.9 per cent from April 2018 to April 2019. The consumer price index adjusted for tax changes and excluding energy products (CPI-ATE) rose by 2.6 per cent over the same period.
    • Macro
  • May 2, 2019

    DNB Livsforsikring has acquired Midtbygget (Dronning Eufemias gate 30) in Oslo’s Bjørvika district from Samhällsbyggnadsbolaget i Norden (SBB) for NOK 4.5 billion. DNB is the tenant of the 46 169 m2 office building, with a remaining lease term of 8.1 years.
    • Transaction
    • Oslo
    • Bjørvika
    • Office
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