Parkkvartalet Eiendomsinvest AS - NOK 345 million - Project Finance

Arctic acted as sole manager in the private placement of NOK 127 million in connection with the real estate project of NOK 345 million; Parkkvartalet Eiendomsinvest.

The transaction attracted significant investor interest from family offices and HNWI clients, thus leaving the book substantially oversubscribed. Parkkvartalet Eiendomsinvest will own a recently refurbished and high quality office building in the middle of Drammen. Said building mass houses inter alia Skatteetaten, Drammen kommune and Formuesforvaltning. ~70% of the gross rental income derives from public tenants.

 

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