CBRE Global Investors, announces the acquisition of Karl Johans gate 12, Oslo from Norwegian Lights A/S. The asset comprises two mixed use properties extending to 2,200 m² of high street retail, a 181 bedroom city centre hotel and 2,700 m² of offices with frontage on Karl Johansgate and Kirkegata.
Karl Johans gate 12, located on the main pedestrian high street in Oslo is home to Nordic Choice Hotel’s Comfort Hotel Karl Johan. The hotel occupies 9,408 m² and opened in March 2016. The retail occupier, Varner will open a store that is occupied by the international sports brand Nike from mid-2017. This will be the first Nike store to open in Norway.
John Mulqueen, Head of Transactions EMEA, CBRE Global Investors said: “We have a significant amount of capital to invest across EMEA on behalf of new and existing clients. We have further appetite for assets in the Nordics, which is a key market for our business, and have a number of opportunities in our near term pipeline.”
Andreas Norberg, Managing Director Nordics at CBRE Global Investors commented: “Our continued strong outlook for the Oslo real estate market has led us to our third acquisition in the city. The tenant quality is excellent and we look forward to welcoming Varner and their Nike Brand store as an anchor tenant shortly. It is exciting to be adding such a prime property to our Norwegian portfolio”.
CBRE Global Investors purchased the office property HH1 in Oslo last year, and also own ‘Tatlergarden’ the H&M flagship store in Bogstadveien. Additionally, the company recently announced the acquisition of Tobaksmonpolet 2 in Stockholm and Jägersro Center in Malmö further adding to the Nordic portfolio.
This week, CBRE Global Investment Partners has also announced the acquisition of Bromma Blocks in Sweden.
