May 2018 – A closed ended fund originated by Arctic Securities has secured Philip Pedersens vei 11 located at Lysaker on Oslo’s western fringe from NCC Property Development. NCC was advised by Akershus Eiendom.
Philip Pedersens vei 11 is a new office scheme to be completed ~ Q2 2019. Total gross floor area of ~ 7 900 sq. m of 6 000 sq. m secured against on Nemko on a 15Y lease. The transaction is structured as a forward sale based on a gross property value of NOK 310 million.
Nemko AS is a private, independent company owned by the Nemko foundation. I t was founded by the Norwegian Government in 1933 to promote product safety and certification of electrical products sold in Norway. The Nemko Foundation was then established in 1990, as a continuation of the former state-owned company.
Lysaker forms part of the western corridor, which is commonly known as the home of the petroleum sector cluster in greater Oslo. In recent years, Lysaker has been trending towards a more diversified composition of different industries. Today the hub serves just over 20 000 employees in the area in addition to local residents. The area is served by excellent public transportation coverage, currently offering travel by airport express train, bus, regional trains and ferry. Adding to this, several measures are being planned to further improve the infrastructure. Among other things, plans to extend the metro line going from Majorstuen to Fornebu.
NCC is one of the leading construction and property development companies in Northern Europe, with the Nordic region as its home market. The NCC Property Development business area develops and sells commercial properties in metropolitan regions of Sweden, Norway, Denmark and Finland. The business focuses on office, retail and logistics properties in attractive locations. Operations encompass the entire value chain, from project concept and analysis to land acquisition, concept development, production and finally sales, when capital is released for new development projects.
Arctic Securities is a leading corporate finance advisor and transaction manager in the Nordic market, including a leading position within origination and structuring of CRE project financing club deals and syndications involving single asset transactions. To support project finance activities, subsidiaries Arctic Capital and Arctic Business Management provide capital raising, secondary trading and commercial business management services, respectively.
Akershus Eiendom is a leading Norwegian property advisor established in 1992 providing a wide range of advisory services within capital markets, leasing, corporate solutions and research/valuation. During 2017, Akershus Eiendom executed transactions with a total worth of ~ €1.9 billion in the Norwegian market divided between 47 transactions. Since 2001 Akershus Eiendom has been JLL’s affiliated partner in Norway.
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Skrevet av Knut Berget, Senior Advisor