3 mars, 2017

Sale of prime hotel property in Oslo

Pangea adviser in another large Nordic hotel cross-border deal.

Today it was announced that Norwegian Lights AS sells two adjacent properties along Karl Johan/Kirkegate in central Oslo. The properties being extensively refurbished in 2013-2015 have a lettable area of approximately 14,300 sqm, of which the main part comprises Comfort Hotel Karl Johan. The hotel opened in March 2016 and has 181 rooms. In addition, the properties include some 2,700 sqm office premises and a new Nike brand store opening in summer 2017. The buyer is CBRE Global Investors on behalf of their Pan-European Core Fund.

Pangea Property Partners was sell-side adviser to Norwegian Lights AS in the transaction. In the last 18 months, we have advised on 7 hotel transactions in the Nordics with an underlying property value around NOK 11bn. In addition, we have done a number of strategic advisory mandates and hotel valuations.

Till nyhetsarkiv