Hines has completed the sale of a mixed-use building named Karl Johans Gate 45 in Oslo, Norway. The parties did not announce the sale price.

The 5.1000 square meter building was sold to Euro Real Estate. Hines building is one of the largest pension plan groups in Germany, and Europe’s main street retail authorization is sold on behalf of BVK.

The building at the Karl Johans Gate in Oslo is one of the city’s most popular retail locations. The building currently houses the Hard Rock Cafe and the Landkreditt Bank tenant. However, the seven-storey retail office also allows different tenants.

Ralf Peter, Managing Director at Euro Real Estate said: “Karl Johans Gate 45 represents a high-quality mixed-used asset on Oslo’s most prominent high street. We are making a long-term investment in Oslo’s thriving retail sector.”

James Robson, Hines’ Nordics regional head, said: “Karl Johan Gate was the first acquisition on behalf of BVK in the Nordics and we look forward to continuing to work with them across the Nordic region.”

Oslo is the capital and largest city of Norway. Oslo is also the name of the province where the city is located. It is the fourth largest city in Scandinavia after Copenhagen, and Stockholm. It is among the most expensive cities in the world. The city has a population of 673,469 and its surface area is 454 km2.

Source: europe-re.com

Sevdenur Demir / [email protected]