Corum Asset Management, acting on behalf of its fund Corum XL, has closed its first transaction in the Norwegian market, acquiring the recently developed Elverum retail park. The company was advised by Renger Investment Management (RIM). The retail park, which was purchased from a group of private investors, comprises 11,180m² and is let on long leases to Rusta, Elkjop, Power, Byggmaker, Europris and Thansen. The purchase price was not disclosed.
David Renger, CEO of RIM commented: "RIM´s cooperation with Corum is successfully expanding throughout the Nordics. The cooperation with Corum is in line with RIM´s strategy to engage together with financially strong and well renowned real estate investors in the Nordic region. We appreciate the continued trust from Corum and we are looking forward to continued cooperation on their expansion in the region.”
"We are pleased that we can expand our presence in the Nordic area with our entry into the Norwegian real estate market after having successfully been investing into the Finnish market for a few years. We intend to further expand our investments in the region the coming year," said Philippe Cervesi, Corum AM, Investment Director.