Gefion Group has sold the Niels Juels Gade 9-13 property to Aviva Investors

Apr 03, 2019

Real estate developer Gefion Group has signed an agreement for the sale of its Niels Juels Gade 9-13 commercial property to Aviva Investors Real Estate, acting on behalf of one of its regulated funds. Aviva Investors is a global asset manager with expertise in real estate, fixed income, equity, multi-asset and alternative investments. The acquisition’s consideration has not been disclosed.

Following the December 2017 acquisition by Gefion Group, the 7,650 sqm Niels Juels Gade property has undergone significant renovations and currently its sole tenant is 3Shape, a global provider of dental & audio technology for labs & clinics.

In December 2017, JOOL Markets AS acted as Sole Manager and Bookrunner in a bond issue for Niels Juels Gade 9-13 Holding Aps, a subsidiary in the Gefion Group. The DKK 185 million bond issue has a 24 month maturity and consists of a senior 10% p.a. tranche as well as a junior 15% p.a. tranche.

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JOOL Markets is an independent Nordic investment bank and a leading arranger of corporate bonds for small and mid-sized companies. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.