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NAI FirstPartners in Norway issued Norway's real estate market report Spring 2008.



NAI FirstPartners in Norway issued Norway's real estate market report Spring 2008.

This report will differ from competitors by being issued more frequently and with the most essential information in only two pages.

Click to-> To read full text of Latest Issue of Norwegian Market Report Spring 2008 (Adobe PDF version)

Highlights:

  • Macro Economics: Despite strong growth in Norway the international financial crisis affects the Norwegian economy to a certain extent.Norwegian firms still provide strong results and have positive forecasts for the future. The capacity in the Norwegian industry will limit the growth, and the employment market is still very tight.
  • Rental Market: The rental market in Oslo CBD has experienced incredible growth the last couple of years, and headlines with rental level records may seem to have frightened tenants away from the CBD. Just now the CBD market has declined a little, and the pressure is higher in other areas of the Oslo centre where the vacancy rates are still falling.
  • Sales Market: The Norwegian financial institutions have added additional margins to the risk premium, which show a disbelief and lack of trust between banks and businesses. The difficulties financing commercial property have made the sales market more sluggish, thoughless risky objects are still attractive. Investors acknowledge the benefit of await and see attitude.
  • International News: NAI FirstPartners represented by Bjørn Einar Sundby in collaboration with NAI Baltics sold a 20.000 square meters logistics building in Latvia just outside Riga to Orkla Finance. The market in the Baltics experiences a new boom and there is a lot of international interest, though local knowledge is essential to succeed in this market.

Click to-> To read full text of Latest Issue of Norwegian Market Report Spring 2008 (Adobe PDF version)

 

Prepared and Issued by NAI FirstPartners in Norway / Published to the Site www.naibaltics.com by NAI Baltics – commercial real estate services in the Latvia, Lithuania, Estonia. Your trustworthy partner, advisor and consultant in the Baltics and Worldwide. http://www.naibaltics.com

 


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Commercial Real Estate

"Avers Centrs Ltd with NAI Baltics as broker and investment acquisition consultant recently carried out a sale - leaseback transaction of its newly-built logistics warehouse complex in Riga, Latvia. We are very pleased with the transaction and NAI Baltics role in managing the transaction process, in particular considering current fluctuating market circumstances. NAI Baltics management of the process, from start to finish, was excellent, starting from the offering memorandum, to their management of the property tours, buyer selection process, due diligence and close. The entire team was extremely professional and knowledgeable. All during the complicated and lengthy transaction, their attentiveness, attention to details, clear and timely communication, the negotiating and mediation skills, and problem-solving abilities were notably worthwhile in completing a transaction. We are looking forward to working with NAI Baltics team again, and highly recommend them in the event you are considering utilizing their services."
Mihails Litevskis ( Михаил Литевский )
Member of the Board
Avers Centrs Ltd.




Commercial Real Estate






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