Over the past decades, Nydalen has been through a significant transformation going from an industrial area to one of the most thriving city districts in Oslo. This is the result of large-scale urban planning and development from key players in the area such as Avantor, Norwegian Property and Olav Thon Gruppen. Further, Nydalen have just in a few years grown considerably to around 10,000 inhabitants and is expected to continue the trend as a prioritized area by the Municipality of Oslo.
Real Estate Core-Plus
Niam strengthens its position in the Norwegian real estate market further
Niam has acquired a modern high quality office property in Nydalen, a well-established office cluster, just north of Oslo city center. The property comprises around 26,000 sqm and is strategically located close to the Nydalen metro station.
We are thrilled to acquire this office building. Not only does it have an attractive location, we also see great potential for the property with the possibility to strengthen its environmental profile by reducing the energy consumption and obtaining a greener and more sustainable energy mix.
Over the past four months, Niam has increased its presence in the Norwegian real estate market with approximately 58,000 sqm in total lettable area. All acquisitions are office properties with a significant share of stable public tenants.
Niam has worked closely with their operating partner Led Management in this transaction. Morten Roland, Managing Director of Led Management, comments, “It has been a pleasure to complete this transaction with Niam in Oslo. The property is well positioned in a market that we believe will develop positively in the years to come as well.”
For further information, please contact:
Torstein Bomann-Larsen, Associate Director Transactions Norway
+47 92 80 39 69, torstein.bomann-larsen@niam.com
For further information about Niam, please contact:
Rikard Henriksson, Co-Managing Partner
+46 8 5175 8563, rikard.henriksson@niam.com
