Niam disposes of two office properties in Oslo (NO)

On June 5, 2012 Niam signed a binding agreement with Oslo Areal to dispose of two office properties located in Oslo. The two properties, named Tordenskioldsgate 6 and Hovfaret 13, were originally acquired by Niam as a part of a larger portfolio in 2009.

Tordenskioldsgate 6 is located in central Oslo and comprises approx. 5,600 m² with tenants such as Bjerke Luther, J.P. Morgan and Oro among others. Hovfaret 13 is located in Skøyen in the western part of Oslo, comprises approx. 6,200 m² and hosts tenants including OPAK and Mars Norge.

"The properties have had a sensible value increase which makes it reasonable for us to divest them now. It is with great joy that we dispose these properties to a long-term and stable owner such as Oslo Areal," says Kjell Sagstad, Senior Director at Niam.

"Earlier this year, Oslo Areal AS divested its shopping malls in order to focus on office properties in the Oslo area. This acquisition strengthens the company's office focused strategy in Oslo," says Mona Ingebrigtsen, Managing Director at Oslo Areal.

Source: Niam AB

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