[ad_1]
Stein Erik Hagen pays billions to Christian Ringnes’ Eiendomsspar for office buildings in Tjuvholmen.
The Tjuvholmen avenue 1-5 office building in Oslo.
Real estate savings.
Published:
Christian Ringnes’ Eiendomsspar sells the Tjuvholmen office building there 1–5 in Oslo, a message follows.
The sale involves an increase in value of around NOK 18 per share compared to Eiendomsspars’ valuation of the property at the end of last year.
E24 gets confirmation that this is a billion dollar sale.
– Yes, it is quite obvious, with a good margin, write Ringnes in an SMS to E24.
– sad
Ringnes says they have owned the property for many years and that it has been fully developed.
– It will be a good profit, says Ringnes.
Ringnes says they have development projects underway and will make investments of a billion.
– But it’s sad to sell this gem of a property, says Ringnes.
House 750 employees
Stein’s Marble Erik Hagen is a buyer through Vika Project Finance AS.
The review of the company (“due diligence”) will begin immediately and the acquisition is planned for November 2020. Pangea Property Partners has been the financial advisor to Eiendomsspar.
In a separate message, Pangea Property Partners writes that the office building is one of the largest buildings in Tjuvholmen and currently houses about 750 employees. The building is fully leased to four tenants from the Selmer law firm, WeWork, Pangea Property Partners, and Bearingpoint.
The transaction also includes 20 indoor parking spaces. The restaurants and the art gallery on the ground floor are not included in the transaction.
