CapMan Nordic Real Estate III Fund and Vander have partnered to redevelop Kristian Augusts gate 10 in Oslo into serviced apartments, responding to increasing urban demand and securing a long-term leasing agreement.

Target Information

Kristian Augusts gate 10 (KA10) is a strategically positioned property located in the heart of Oslo, Norway. Currently functioning as an office space, KA10 encompasses approximately 2,500 m² distributed across five floors above ground and one underground level. The property benefits from exceptional public transport connections, being a few meters away from multiple subway, bus, and tram lines.

The area surrounding KA10 is undergoing a substantial transformation, marked by the expansion of universities, the establishment of a tech innovation hub, and new commercial developments. This revitalization enhances the appeal of the location, leading to increased foot traffic and a diversified mix of usage that boosts the property's desirability.

Industry Overview in Norway

The commercial real estate sector in Norway has witnessed considerable growth in recent years, supported by both domestic and international investments. With a strong economy that em