Swiss Life Asset Managers enters a joint venture with REBUS and Usbl to invest in a multi-family residential development in Nydalen, Oslo. The site is attractively located in Nydalen, offering a diverse range of services, quick access to public transportation, green spaces along the Akerselva River, and excellent sunlight conditions.
The zoning of the property is expected to be completed by autumn 2025. The planning program allows for the construction of approximately 200 residential units, with commercial spaces and outward-facing businesses on the ground floor.
The acquisition aims to address the shortage of living space that has become increasingly pronounced in central Oslo over recent years. Upon completion, the property will feature an urban multi-family block development, including underground parking, an inner courtyard, and a shared park area adjacent to neighbouring structures.
The structure of the joint venture has been established by Swiss Life Asset Managers Nordic.
«We are optimistic about the housing market in the coming years. The site has an excellent micro-location, and we look forward to this project becoming a positive contribution to the urban landscape in Nydalen. Swiss Life Asset Managers seeks development projects in partnership with others, and we look forward to collaborating with REBUS and Usbl on this exciting project in Nydalen,» says Morten Berg, Senior Transaction Manager at Swiss Life Asset Managers.
There are currently two office buildings at the property. The seller will continue to manage these until the handover in early 2029, after which Usbl, REBUS, and Swiss Life Asset Managers plan to start the construction of approximately 200 residential units.
Information
Swiss Life Asset Managers Nordic
Communications
+47 99 40 44 77
axel.wroll-evensen@swisslife-am.com