Tristan Capital Partners has bought a building in central Oslo for the European Property Investors Special Opportunities 3 fund.
The mixed-use retail and office asset was bought for EPISO 3 for NOK630m (β¬73m) from Nordic investment manager Genesta.
Tenants of the 14,000 sqm building include e-commerce firm Finn and music streaming service Tidal.
The asset also includes 3,000 sqm of retail.
Daniel Harris of Tristan Capital Partners said the Norwegian retail market was experiencing βsignificant change, with a high level of interest in the city from large international retailersβ.
βStrong demand for office space in Oslo and a limited development pipeline will also underpin future rental growth for the investment,β Harris said.
Tristan said it bought a portfolio of mixed-use buildings in Berlin for EPISO 3 from funds managed by Germanyβs DG Anlage Gesellschaft for β¬117.5m.
The 14-property, 93,280 sqm portfolio took investments made by the value-add/opportunity fund to 85% of the β¬950m it raised for EPISO 3 last year.
