US private equity group HIG Capital has acquired the Raufoss Industripark in its second transaction in the Norwegian real estate market.
US private equity group HIG Capital has acquired the Raufoss Industripark in its second transaction in the Norwegian real estate market.
HIG, which entered Norway last November with the purchase of a portfolio of 16 predominantly grocery store-anchored retail assets, is investing NOK 1.3 bn (€135 mln) to acquire the 240,000 m2 building from owners Storebrand Optimér, NLI Eiendomsinvest and Storebrand Livsforsikring.
The Nammo and Vestre Toten municipalities have retained their minority interest in the park.
'We are positive towards the new owners and their goals of a long-term ownership and wishes to further develop the park both through growth with current tenants and by attracting new tenants to the park,' said Johan Einar Jørgensen, CEO at Raufoss Næringspark.
'The mandate of Storebrand Optimér has since the beginning in 2006 been to build, manage and realize projects in commercial real estate, and a divestment has been in the cards the entire way. We have put a high price on the cooperation with Raufoss Næringspark, and are confidant that the new owners want to continue to develop the area to benefit the region,' added Sveinung Lindaas, CEO of Storebrand Optimér.
