Eiendomsspar AS has purchased Karl Johans gate 33 and others.

Wikborg Rein has assisted Eiendomsspar AS in the purchase of Magnusgården, which directly and indirectly is the owner of the venerable Karl Johans gate 33 and Rosenkrantzgate 11 in Oslo. The property value was set to approximately NOK 460 000 000. 

Magnusgården is an office-, business- and hotel property consisting of approximately 11.000 sqm., which among others is housing the Best Western Hotell, which has 114 rooms. The purchase is further described here and here.

Wikborg Rein has assisted the buyer in the negotiations, the drafting of the buyer´s documentation and the actual implementation of the transaction.

Wikborg Rein´s team has consisted of among others partner doctor juris Line Ravlo-Losvik and senior associate Trude Gran.