Areim acquires its second light industrial property in Oslo, Norway. The property is located on Østre Aker vei 60 in Hovinbyen just outside Oslo city centre with approximately 21,000 sqm of lettable area on a 27,000 sqm land plot. The Hovinbyen area is the largest redevelopment area in Oslo and is expected to add approximately 60,000 new residents and up to approximately 100,000 new workplaces in the coming years.
The property is fully let to a mix of attractive tenants, operating warehouse and storage areas as well as sports facilities. Areim is planning to improve the property’s EPC level and will undertake several energy efficiency measures such as installing solar panels to make it more attractive from a sustainability perspective.
Source: press release sent on 26 September 2024