4 mars, 2019

Office transaction in Oslo CBD

Pangea adviser to Genesta in the sale of Dronning Mauds gate 15

Last week, it was announced that Genesta, on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II), sold the office property Dronning Mauds gate 15 in Oslo CBD. The property was significantly upgraded in 2017/2018 and has a lettable area of approximately 8,700 sqm, excluding garage. The property is fully let with the largest tenants being Malling & Co, Eltek Holding and Glittertind. The buyer is Carnegie, on behalf of Nordea Liv.

Pangea Property Partners was sell-side adviser to Genesta in the transaction. So far, we have advised on more than 60 transactions and advisory mandates with an underlying property value close to EUR 4 billion in 2018/2019.

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