Nordic private assets management and investment company CapMan Real Estate announced that CapMan Nordic Real Estate II fund acquired Brynsalléen 2, a modern office property located in Helsfyr/Bryn, Greater Oslo from KLP.
Brynsalléen 2 is a 17,600 sqm office property located in Helsfyr/Bryn, one of the main office submarkets in Oslo.
The 10-storey office property developed in 1999 is fully occupied by Atea who have announced a future relocation in 2020.
“We are very excited about the purchase of this property. The entire Helsfyr/Bryn area is going through a significant revitalisation and we see an excellent value add opportunity to upgrade the property for new tenants following Atea’s departure,” comments Magnus Berglund, Investment Director at CapMan Real Estate.
Brynsalléen 2 is the fourteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in office, retail and residential properties located in established submarkets of major Nordic cities.