CBRE GI acquires property next to Oslo City Hall

CBRE Global Investors has acquired the Hieronymus Heyerdahlsgate 1 office building in Oslo on behalf of one of its pan-European funds.

Financial details were not disclosed.

This landmark building, which comprises 14,000 m2 of office and retail space, is located in a prime site beside the Oslo City Hall. Named after the mayor of Oslo from 1912 to 1914, the building was built in 1936 as part of the City Hall and Vika area development.

The seller is Bendixen Eiendom. The property has never been sold previously.

'We are pleased to have secured our second acquisition in Oslo,' said Rik Eertink, country manager for the Nordics, CBRE Global Investors. 'We are aiming to make additional acquisitions in the short-term within the Nordic region and are actively scanning the market for that purpose. With a 10-year Nordic track record, a footprint in all four Nordic countries and dedicated teams within the region, we have ambitious plans to grow the business.'

John Mulqueen, head of transactions EMEA, CBRE Global Investors, said: 'We have a significant amount of capital to invest in 2016 and remain focussed to identify further attractive investment opportunities in the Nordics and across EMEA on behalf of our clients. We have an outstanding local team and are proud of our track record in successfully completing transactions across the region.'

CBRE Global Investors already owns Bogstadveien 11, the H&M flagship store in Oslo.