Arctic Securities takes control of Norwegian tech hub

Independent Norwegian investment bank Arctic Securities has acquired a significant part of Kongsberg Technology Park in Norway through several autonomous deals with HIG Realty, Blackstone and Oslo Pensjonsforsikring. 

Financial details were not disclosed, although Arctic said that the transactions comprised close to 175,000 m2 of real estate with an annual rental income of around €25 mln.

In addition, Arctic Securities said it had re-syndicated an already controlled asset in the park, taking the total tally to four acquisitions to date.

Kongsberg Technology Park is a cluster of high-tech companies operating within the defence, maritime and aerospace industry. It is home to the Norwegian listed and 50% state-owned conglomerate Kongsberg Gruppen, including Kongsberg Aerospace and Defence, Kongsberg Protech, Kongsberg Maritime among others.

International companies such as FMC, GKN Aerospace, Siemens and Dresser Rand are also located in the park.

Akershus Eiendom acted as the sole advisor for HIG Realty, Blackstone and Oslo Pensjonsforsikring.

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