© 2017 NJORD Real Estate AS

OUR PROJECTS

SOLD!

2019
Equity IRR 22%

T23

Tevlingveien 23 - Oslo

  • Office and retail property for market repositioning acquired 6-2015

  • 20 100 sqm built in 2000

  • Acquisition net yield 7,5%

  • Wault: 5 years

 

       www.t23.no

  • Office property acquired 7-2017

  • 4 500 sqm built in 2009 with development potential

  • Lease:  12,6 years to NAV

Leikanger NAV Holding AS

Sognefjordvegen 52-60,
Leikanger Kommune,
Sogn og Fjordane 

NEW ENERGY STAVANGER Lagårdsveien 78-80 - Stavanger

  • Urban regeneration property acquired 12-2014
  • 19 000 sqm office and storage built in the 70’s

  • Acquisition net yield 10,0%

  • Wault; high rise 8 yrs – low rise 1,5 yr

  • Project is cash positive for 5 yrs without any new lettings

  • Planning for conversion of low rise to 4 500 sqm retail and 8 000 sqm high quality offices

  • New building permit of additionally 8 000 sqm offices

  • Budgeted investment IRR 30-45% (4 year exit)

 

       www.newenergystavanger.no

  • Big box retail shopping centre acquired 06-2016

  • 14 500 sqm built 2002-2012 on 36000 sqm land

  • Acquisition net yield 6,3%

  • Wault: 10 years

  • Development potential

  • Triple net lease contracts

  • Fully let to Rema 1000, Coop, Biltema, Plantasjen, Elkjøp and Jysk

  • Budgeted investment IRR: 10-12 % (5 year exit)

LANGELAND HANDELSPARK

Industriveien 21 - Kongsvinger

  • Big box retail shopping centre acquired 06-2016

  • 7057 sqm built 2008 on 13852,6 sqm land

  • Acquisition net yield 6,9%

  • Wault: 7 years

  • Development potential

  • Fully let to very good covenants; Thansen, Lefdal and Jula

  • Budgeted investment IRR: 13% (exit after 5 years)

MOA HANDELSEIENDOM

Nordre Holen 15-21 - Ålesund

Markens gt

Markens gate 39/Kristian IV gate 12,14, og 16

Kristiansand

  • Hotel and retail property acquired 02-2018

  • 7600 sqm

  • Wault: 10 years

  • Development potential

  • Budgeted investment IRR 20% + (3-5 year exit)

SOLD!

2019
Equity IRR 24%