Arctic Securities consolidates the Norwegian technology hub Kongsberg Technology Park through several autonomous acquisitions
Arctic Securities has, through a special purpose vehicle, acquired a large part of Kongsberg Technology Park through several autonomous transactions from H.I.G. Realty, Blackstone and Oslo Pensjonsforsikring.
Kongsberg Technology Park is a cluster of world-class high-tech companies operating within the defence, maritime and aerospace industry. It is home to the Norwegian listed and 50 % state-owned conglomerate Kongsberg Gruppen ASA, including Kongsberg Aerospace and Defence, Kongsberg Protech, Kongsberg Maritime among others. In addition, well renowned international companies such as FMC, GKN Aerospace, Siemens and Dresser Rand are all located in the technology park. The Park employs around ~ 5 500 employees distributed throughout more than 40 companies and represented in more than 40 countries worldwide.
In total the acquisitions compromise close to 175 000 sq. m of real estate with an annual rental income of around € 25 million per annum.
Akershus Eiendom acted as the sole advisor for H.I.G. Realty, Blackstone and Oslo Pensjonsforsikring. In addition, Arctic Securities has re-syndicated an already controlled asset in the park taking the total tally to 4 acquisitions to date.
Arctic Securities is a leading, independent Norwegian investment bank, specialising in corporate finance transactions and advisory services, securities sales and trading as well as equity and credit research.
H.I.G. Capital is a leading global private investment business. H.I.G. Europe Realty Partners is the European real estate arm of H.I.G Capital and has a broad exposure to the Nordic region.
The Blackstone Group International Partners LLP is one of the largest real estate private equity firms in the world with operation in North America, Europe, Asia and Latin America. Norwegian Obligo Investment Management has been Blackstone’s local asset manager.
Oslo Pensjonsforsikring (OPF) is a Norwegian pension and insurance group, managing assets of approximately NOK 99 billion, of which real estate investments make up approximately NOK 17 billion.
OPF is wholly owned by the City of Oslo, serving the City and various subsidiaries such as the transport authority and state-owned hospitals in the region.
Akershus Eiendom is the leading Norwegian property advisor established in 1992 providing a wide range of advisory services within capital markets, leasing, corporate solutions and research/valuation. The past five years, Akershus Eiendom have executed transactions with a total worth of ~ NOK 65 billion in the Norwegian market divided between 184 transactions. Since 2001, Akershus Eiendom has been JLL’s affiliated partner in Norway.
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