Starwood Capital have done the largest deal in Scandinavia with a value of NOK 11 billion (US$1.4 billion). Colliers International co-advised on the Norwegian part of this deal.
The acquisition includes a collection of 27 properties in Norway, consisting of office (58% of the portfolio), retail (28%), logistics/industrial (9%), hotel (1%) and other (2%) assets totaling 215,000 square meters (2.314M square feet) of gross leasable area, as well as DNB NOR Eiendomsinvest I ASA’s management platform.
”The economic fundamentals of this region are very solid, and population growth coupled with low vacancy rates makes this a very interesting market for Starwood Capital Group,” said Mr. Zsolt Kohalmi, Head of European Acquisitions at Starwood Capital Group.
Colliers International’s global capital markets group is a team of high-calibre senior investment, debt and equity experts who connect our clients and their capital with real estate opportunities worldwide. They draw on the strength of more than 630 investment specialists in 63 countries, including all of the key markets in Asia, Australasia, Europe, the Middle East, Africa and the Americas.