Fornebuporten sold for NOK 3.2bn
Pangea adviser to Aker when divesting 80,000sqm offices.
Last week, it was announced that Aker has signed an agreement to sell Fornebuporten, a major office complex in western Oslo, to an investor consortium led by Pareto. The transaction is structured as a forward sale with the seller responsible for completing the remaining one third of the project. The seller will also own 25% the shares in the investor consortium, named Fornebu Gateway AS. The remaining shareholders are Joh. Johannson Handel AS (40%), Watrium AS (20%) and TRG AS (15%), controlled by Kjell Inge Røkke.
The two office buildings at Fornebuporten have a gross rent of approximately NOK 180m, including annuity rent and parking, with 12 years lease duration. The total sales price is NOK 3.2bn and the transaction will be closed in Q4 2015. Pangea Property Partners was sell-side adviser to Aker in the transaction.
Pangea ranked as the #12 Nordic M&A adviser in 2015 YTD, in top among specialised property advisers.To news archive