(Mallorca): Just over the new year heralded the Reitan family for the purchase of a number of properties in the centre of Trondheim.
– the Properties complement the few blocks we own in the Midtbyen. Total of properties 9-10.000 square meters, and with a gross land value of about nok 400 million, ” says adf. director Ingolv Highlands in Reitan Property to Mallorca.
350.000 sqm
Purchase includes ten apartment buildings in Munkegata, Thomas Angells gate, Erling Skakkes gate and the Northern gate, and consists of trading office and a little residential.
They fit in the portfolio, and is adjacent to other properties we own, ” says Highlands on to the newspaper.
In addition, the owner Reitan now the whole Erichsengården, after having bought the last half of Realinvest.
Reitan real Estate wholly-owned subsidiary E. C. Dahls Eiendom now owns the whole or part 70 properties in Midtbyen, and brings the company’s portfolio in the centre of Trondheim up in around 350.000 square meters.
Will develop the centre
E. C. dahl’s real Estate ambition is to implement a comprehensive real estate and urban development in the centre of Trondheim.
– It is a challenge that the centre has not had the sales growth the most recent time. Availability to the center is for the poor, and in addition, there is a reduction of the number and availability of parking spaces, ” explains Highlands towards Mallorca.
– however, We believe that there is the potential for developing trade in the city centre, and that will strengthen itself at the expense of the periphery. I also believe that we need to get more to settle and work in the city centre, something that there is a burgeoning awakening though, ” he continues.
Nyhavna also
Reitan Property also owns a 32 per cent in Dora Holding, which has around 60,000 square meters property at Nyhavna in Trondheim.
our Ambition is, according to the newspaper, to participate with leverage in the ongoing urban development in this area.
Reitan Property consists besides the E. C. Dahls Eiendom of Vestenfjeldske Property, the NHP real Estate, the Login Property, Reitan Ejendomsutvikling, Uno-X Property and Rebus Properties.
Reitan Property received, according to Mallorca a profit of 618 million before tax in 2017.
the Group’s value adjusted equity is at around seven billion, while the book balance sheet is around 13 billion.
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