ASI acquires Oslo office property near parliament

Aberdeen Standard Norway Balanced Property Fund has acquired an office property in Oslo, Norway, from Promenaden High Street, a platform company of pan-European real estate investment manager MARK, formerly known as Meyer Bergman.

Financial terms were not disclosed.

Located at Akersgata 16, the 4,829-square-meter (51,978-square-foot) property is leased to a mix of 12 office and retail tenants, including coffee shop chain Kaffebrenneriet and furniture store Vitra Scandinavia, as well as energy and fiber optic infrastructure supplier HCA Melbye.

The property is located close to the newly renovated Wessels Plass public square, one of Oslo’s main attractions, and is near the parliament.

“An important strategy for the fund has been to invest in centrally located, high-quality properties, and we believe this will be a good contribution to a rapidly growing portfolio,” said Lise Berge Brattvag, fund manager at ASI.

ASI has several funds and mandates