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.
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.