Europa Capital shops in Oslo and Birmingham

Europa Capital, acting on behalf of its Europa Fund II, has completed the acquisition of an office building at Olaf Helsets Vei 5 (OH5) in southeast Oslo from Acta, the Oslo municipality pension fund, for NOK 569 mln (EUR 71 mln). OH5 provides 44,000 m² of office, educational, light industrial and healthclub space on a four-hectare site. The property is let to 14 tenants, including Oslo Municipality (education), Norwegian Post, Eniro and Whirlpool and currently produces nearly NOK 45 mln in annual rent.

Additionally, Europa Fund II, in a joint venture with Opus Land, has completed the acquisition of the Saltley business park from Hermes Real Estate for around £58 mln (EUR 80 mln). Saltley Park is a multi-let industrial / distribution facility occupying a key location close to Birmingham city centre. Extending to some 47 acres, the park accommodates over 100,000 m² of industrial / distribution space in 22 buildings. The units range in age from the early 1900's to the 1990's and the 16 tenants - including Anixter, Kuehne & Nagel and The Knight Group - contribute to an annual rent in excess of £4 mln. Cushman & Wakefield acted for Opus Land and King Sturge acted for Hermes Real Estate.

Europa Capital is an independent real estate fund management group operating from offices across Europe. Since 1995, Europa Capital has committed to over 50 transactions totalling about EUR 4.4 bn across 14 European countries. Europa Capital operates two pan-European closed-end real estate funds, which invest across the enlarged European Union countries, Norway and Switzerland.