Publicerad: 20 December 2018, 14:01
Nordea Liv has divested a couple of properties in Sandvika, outside Oslo, to Swiss fund UBS Proeprty Fund Europe for a total of 430 million NOK. It is the first acquisition of the UBS fund in Norway, according to a press release from Newsec, advisor to Nordea Liv in the transaction.
The properties in question, care homes and a business area, have a total LFA of 11,700 sq.m. and have belonged to Nordea Liv since 1999.
“The sale gives us scope for new purchases in an exciting real estate market. We use a good market to gain a profit from this sale”, says the Investment Director for property in Nordea Liv, Nils Arne Gundersen in a comment.
Håkon Styrvold, Head of Capital Markets at Newsec in Norway says that it is a historic deal in the sense that UBS now make a re-entry on the Norwegian market.