29 juni, 2020

Major deal in Drammen

Pangea adviser to Bane NOR Eiendom in the sale of Drammen station Business Center.

At the end of last week, it was announced that Bane NOR Eiendom has sold the 13,000 square meter office building in central Drammen uniquely located next to the train station and river. The buyer is a syndicate organized by DNB Markets, and the price is NOK 740 million. The process has been completed according to plan, which was determined before corona.

The building was recently completed. With its 11 floors and BREEAM-NOR Very Good certification, this modern and fully let office property has received great interest from both Norwegian and international investors. The largest tenants are the Norwegian Public Roads Administration, the County Governor of Oslo and Viken and the audit firm KPMG.

Pangea Property Partners was sell-side adviser to Bane NOR Eiendom in the transaction. We have advised on more than 57 transaction and advisory mandates with an underlying property value close to NOK 30 billion in 2019 and 2020.

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