CBRE Global Investors, on behalf of one of its pan-European funds, has agreed to the sale of Hieronymus Heyerdahlsgate 1, a 13,741-square-meter (148,000-square-foot) office asset in Oslo, to Ferd A/S, a family-owned Norwegian investment company, in an off-market transaction.
Hieronymus Heyerdahlsgate 1 is leased to 25 tenants and includes 2,470 square meters (26,600 square feet) of retail space at ground-floor level. It was acquired by CBRE Global Investors in 2016. Located in the Vika neighbourhood of central Oslo, the asset is conveniently situated for the city’s main transport hubs, the City Hall and the national theater, and benefits from amenities such as a gym and bicycle parking.
Andreas Norberg, head of investment operations Nordics at CBRE Global Investors, commented, “This off-market transaction represented a good opportunity to outperform our asset business plan after holding the asset for more than four years. To have achieved this against the backdrop
