Oslo Areal acquires for NOK 922.5 million

Oslo Areal AS has acquired Strandveien 4-8 AS and Strandveien 10 AS from Ferd Eiendom AS for NOK 922.5 million.

Foto: Ferd Eiendom Foto: Ferd Eiendom

The property value of the NOK 922.5 million transaction gives according to Oslo Areal a yield of just below 5 percent. The property is mostly leased to Lundin Norway on a long term lease.

Included parking, Strandveien 4, 8 and 10 is approx. 23,500 square meters. The property is located at Lysaker, and takeover is planned for 1 March 2017.

Schjødt advised the buyers and delivered due diligence and contractual negotiations.

More information

Lawyers

Geir Sand

Published

04. May 2018

Oslo

Ruseløkkveien 14

P.O.Box 2444 Solli

NO-0201 Oslo

Bergen

C. Sundts gate 17

P.O.Box 2022 Nordnes

NO-5817 Bergen

Stavanger

Kongsgårdbakken 3

P.O.Box 440

NO-4002 Stavanger

Ålesund

Notenesgata 14

P.O.Box 996 Sentrum

NO-6001 Ålesund

London

48 Gracechurch Street

London EC3V 0EJ

United Kingdom