Ferd, a family-owned Norwegian investment company, has acquired an office property in Oslo, Norway from CBRE Global Investors.
Financial details were not disclosed.
The 13,741 m2 property at Hieronymus Heyerdahlsgate 1 was divested in an off-market transaction on behalf of one of CBRE Global Investors' pan-European funds.
The property is let to 25 tenants and includes 2,470 m2 of retail accommodation at ground-floor level. It was acquired by CBRE Global Investors in 2016 and is located in the Vika neighbourhood of central Oslo.
Andreas Norberg, head of investment operations Nordics at CBRE Global Investors, commented: 'This off-market transaction represented a good opportunity to outperform our asset business plan after holding the asset for more than four years.
'To have achieved this against the backdrop of the Covid-19 pandemic is a strong endorsement of our ability to identify and execute competitive investment opportunities, but also of our strength in the Nordic region. We continue to see significant opportunities in the Nordics and plan to redeploy this capital in line with our ambition to grow our holdings in this market.'
CBRE Norway and Bahr advised CBRE Global Investors.
