11 mars, 2019

Another Oslo CBD transaction

Pangea adviser to Tristan in the sale of Grensen 5-7 for NOK 900m

In the beginning of March, it was announced that Tristan Capital Partners, through its European Property Investors Special Opportunities Fund (EPISO 3), sold the prime office and retail property Grensen 5-7 in Oslo CBD. The property has a lettable area of approximately 14,000 sqm and is located just 150 metres from Oslo’s main shopping street Karl Johans gate. The property is fully let with a long WAULT. The buyer is a syndicate established by Clarkson Platou and the sales price is NOK 900 million.

Pangea Property Partners was sell-side adviser to Tristan in the transaction. We also advised Genesta on the sale of office property Dronning Mauds gate 15 in Oslo CBD the same week.

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