Kenmore has sold an Oslo offices building and two property portfolios in Norway for around £41m (NOK 421m).
It has sold the 41,000 sq ft office building, Tollbugata 35, Oslo, in Norway to the Norwegian Freemasons for £8m (NOK 84.6m) at a net initial yield of 6%.
Kenmore Europe, a joint venture between Kenmore, Bank of Scotland Corporate and RevCap, has sold a portfolio of office, retail and warehouse space in Moss, south of Oslo, comprising 125,000 sq ft.
Aberdeen Eiendomsfond Ost AS, a regional property fund of Aberdeen Property Investors Norway, bought the portfolio for just under £10m (NOK 104m) at a yield of 6.2%.
Kenmore fund MK Capital has also sold four properties in Oslo, totalling 165,000 sq ft, to Norwegian property company Alliance Eiendom AS, for £22.1m (NOK 231m), at a yield of 6.3%.
DTZ Norway acted for Kenmore for the sale of Tollbugata.
Colliers Norway represented in the disposal of the Oslo office portfolio and Glitnir Norsk Naringsmegling acted for Kenmore on the sale of the three properties to Aberdeen.
