Meyer Bergman has entered the Norwegian market with the acquisition of a €30 mln mixed-use building in central Oslo.
Meyer Bergman has entered the Norwegian market with the acquisition of a €30 mln mixed-use building in central Oslo.
The London-based investment management firm bought the 6,500 m2 building from Søylen and New York-based investment firm Madison International Realty for Meyer Bergman European Retail Partners II, its second value-add retail investment fund.
Located on Grensen, parallel to Oslo's main retail throughfare Karl Johans Gate, the nine-storey building consists of retail units on the lower floors, including Specsavers, Carlings and Via Victoria, and offices above.
Fredrik Kumlin of Meyer Bergman’s acquisitions team, said: ‘Competition for prime retail space is helping transform Grensen into an alternative location and with targeted asset management should allow this property to generate attractive returns for our investors. We are actively looking for other investment opportunities of this kind in central Oslo.’
The MBERP II fund closed in September, having raised €750 mln in equity, and acquired a €87.6 mln shopping centre in the Czech city of Hradec Králové earlier this month.
