Tristan European opportunity fund buys Oslo offices in €57m deal
Tristan Capital Partners’ fourth European opportunity property fund has partnered with Malling & Co Project Finance to buy three multi-let office buildings in Norway for €57m.
The EPISO 4 fund and Malling acquired the 30,533sqm multi-let assets in Oslo from Tveten Park. Malling acted as advisor on the transaction and will act as a joint venture partner and asset manager.
The assets, located on Ole Delviks Vei 2, 4 and 6 in the Bryn office submarket, are primarily leased office space and a grocery store.
Anne-Jan Jager, director at Tristan Capital Partners, said: “Ole Delviks Vei 2, 4 & 6 is an attractive investment opportunity given the ongoing redevelopment in the Bryn and Helsfyr areas, which we believe will further increase the attractiveness of these submarkets.
“Together with the Malling team, we have identified several value creation initiatives that we will be focussing and executing on going forward.”
Mads Mortensen, managing partner at Malling & Co Project Finance, said: “We are delighted to participate as joint venture partner and buy-side advisor for Tristan in this transaction.
“As asset manager for the project, we look forward to executing on the business plan over the coming years.”