Wikborg Rein assisted with purchase of new Statoil offices

Wikborg Rein assisted the US based real estate fund Madison International Realty, LLC, as the largest investor in the consortium which has purchased the new Statoil offices at Fornebu, Oslo.

As announced on 21 December 2012, the new Statoil offices have been sold to a consortium of investors, including the seller, IT Fornebu Properties AS, which will participate with a 30 % equity stake, and other Norwegian and international investors.

Wikborg Rein has assisted the major international equity investor with structure and tax issues, due diligence investigations, negotiation of various agreements and other current advice. Partner in charge has been Line Ravlo-Losvik. In addition, Are Zachariassen has been in charge of tax and structure issues, while Erik Leganger has headed the due diligence investigations. Leif Petter Madsen, Filip Truyen, Morten Hugo Berger, Christel Kvalvik, Usman Ivar Shakar, Lars Erik Berild Schjeide and Jens Aas amoung others have also contributed.

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