1: RETAIL , OFFICE, STORAGE PORTFOLIO: 8 PROPERTIES – EASTERN PART OF NORWAY

Investor: Castelar Fund I + II; shareholders, Norway
Purchase price: kr 395 mio.
Bouilding: 27.692 divided in; Holmestrand, Moss Oppegård and Hamar.
Tenants: 41
Lease period: from 1-5 years
Annual rent: Kr 25 mio.

  • Businessplan: renegotiate leases, increase lease length, lease vacant areas, increase longterm cashflow, establish porperty contact network in each city, replace technical facility manager to local janitory, sale of each building when it is 100% let.
  • Services done: analyze, dd., asset management, letting of vacant areas, reletting, development, contact and network building loccaly, sale of property/property companies.
  • Result: after 1 years vacancy has been reduced substansially, ny letting to solid retail tenants on 10 to 15 years leases, renewal of existing leases for 10 – 20 years, property operation cost and efficiency has been substansially better on behalf of landlord - 6 out of 8 properties has been fully let at long leases, and are ready for sale.

2: Olaf Helsetsvei 5, Oslo - Norway

Investor: Europe Capital Fund, London
Purchase price: kr 545 mio.
Building: 44,093 square meters. office, warehousing, education and sports
Tenants: 25
Weighted lease years: 6.5 years
Annual rent: kr 52 mio.

  • Business Plan: renegotiate leases by increasing the rental period, rent out vacant premises, increase long-term cash flow, developing some of the land for housing, renew the property's technical facilities by entering into long-term operation and maintenance agreement with external manager of the property
  • Performed services: purchase, dd., syndication, asset management, renegotiation and development.
  • Result: within 4 years unemployment has fallen from 10 to 2%, weighted rental period has increased from 4 - 6.5 years, and annual rent has increased from kr. 44 to 52 mio.

3: ØVRE MÅSAN 10 C-D, ASKER - Norway

Investor: Mikla Invest AS, Oslo
Purchase price: Not official
Building: 2 743 kvm. Office with showroom and storage
Tenants: 5
Lease period: ca. 1,5 years
Annual rent: Kr 1,3 mio.

  • Businessplan: renegotiate leases, increase lease length, letting of vacant areas and increased sqm rent up to 40%, increase longterm cashflow, ideas and see to that building is light refurbished inside and outside
  • Services done: dd., syndication of capital (loan/equity), asset management, letting, reletting and development
  • Result: in one year vacancy has been reduced from 40 to 0%, weighted average lease period has been increased from 1,5 to 6 year, and annual lease is increased from kr. 1,4 mio to kr. 2,5 mio

4: Bronsgatan 10, Aastorp - Helsingborg, Sweden

Investor: NIKI AS, Oslo
Purchase price: SEK 90 mio.
Build: 10 000 sqm. high warehouse with office
Tenants: 1
Weighted lease years: 20 years
Annual rent: Sec 6 mio.

  • Business plan: long-term, secure and liquid investment with a good dividend capacity
  • Performed services: purchase, dd., syndication and asset management
  • Result: the property will be owned long-term to ensure their children's finances

5: Hans Nielsen Haugesgate 50, Oslo - Norway

Investor: Primera Mangement v / 6 investors, Oslo
Purchase price: Kr 50 mio.
Construction: 5 000 sqm. warehouse and office
Tenants: 10
Weighted lease years: 3 years
Annual rent: Kr 4.5 million.

  • Business plan: plan and facilitate the development of the property in violation of the neighboring owner's development plans (residential), to sell the property to the neighbor at a high price
  • Performed services: purchase, dd., Syndication, asset management, renegotiation and sales
  • Result: 3.5 years after purchasing, the property was sold with 104% equity return

6: Trollåsveien 34-36, Oppegaard - Norway

Investor: Primera Mangement v / 8 investors, Oslo
Purchase price: kr 57 mio.
Build: 10 000 sqm. office and warehouse
Tenants: 10
Weighted lease years: 4 years
Annual rent: Kr 7.5 mio.

  • Business Plan: renegotiate leases by increasing lease period, lease vacant space and increase long-term cash flow
  • Performed services: purchase, dd., syndication, asset management, renegotiation and sales
  • Result: 1.75 years after purchasing, the property was sold at 56% equity return

 

7: Borgeskogen 63 og 65, Vestfold - Norway

Investor: Lunde Holding Invest AS, Kristiansand
Purchase price: Kr 146 mio.
Build: 14 000 sqm. high stock of office
Tenants: 2
Weighted lease years: 11 years
Annual rent: Kr 12 mio.

  • Business plan: extend the lease and sell the property to high price
  • Performed services: purchase, dd., syndication, asset management, renegotiation and sales
  • Result: 1 year after purchasing, the property was sold at approx. 100% equity return

Map - Reference Projects