CapMan Nordic Real Estate III Fund and Vander have entered into a joint venture to co-own and redevelop Kristian Augusts gate 10 (KA10), a centrally located property in Oslo with excellent public transport connections.
The surrounding area has undergone significant revitalisation in recent years, including university expansions, the development of a tech innovation hub, new office developments, and enhanced retail, dining, and cultural offerings. KA10 will be transformed into high-quality serviced apartments, with Vander securing a long-term lease upon completion.
KA10 is currently an office property comprising approximately 2,500 square metres across five above-ground floors and one underground level. The surrounding area is undergoing significant transformation, increasing its appeal through a more diverse range of uses and higher foot traffic. The property benefits from excellent connectivity, with subway, bus, and tram lines just metres away.
The joint venture plans to refurbish, extend, and reposition KA10 into high-quality serviced apartments. A long-term lease has been secured with Vander upon completion.
Source: capman.com on the 17 June 2025
https://capman.com/2025/06/capman-real-estate-and-vander-form-joint-venture-to-redevelop-kristian-augusts-gate-10-in-central-oslo/