Starwood Capital Closes Scandinavia's Largest Deal

SEATTLE, Feb. 4, 2015 /PRNewswire/ -- Starwood Capital have done the largest deal in Scandinavia with a value of NOK 11 billion (US$1.4 billion). Colliers International co-advised on the Norwegian part of this deal.

The acquisition includes a collection of 27 properties in Norway, consisting of office (58% of the portfolio), retail (28%), logistics/industrial (9%), hotel (1%) and other (2%) assets totaling 215,000 square meters (2.314M square feet) of gross leasable area, as well as DNB NOR Eiendomsinvest I ASA's management platform.

"The economic fundamentals of this region are very solid, and population growth coupled with low vacancy rates makes this a very interesting market for Starwood Capital Group," said Mr. Zsolt Kohalmi, Head of European Acquisitions at Starwood Capital Group.

Colliers International's global capital markets group is a team of high-calibre senior investment, debt and equity experts who connect our clients and their capital with real estate opportunities worldwide. They draw on the strength of more than 630 investment specialists in 63 countries, including all of the key markets in Asia, Australasia, Europe, the Middle East, Africa and the Americas.

For more information about Colliers International, please connect with us on Facebook, LinkedIn, Instagram, Twitter, YouTube and SlideShare.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter (@ColliersIntl) and LinkedIn.

SOURCE Colliers International

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED