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Credit: RIM

RIM advises Corum in its entry to the Norwegian real estate market

Corum acquired a newly developed and fully let retail park located in Elverum, Norway.

Renger Investment Management (RIM) continues its cooperation with Corum Asset Management in its continued expansion into the Nordic real estate markets. Corum has, on behalf of its fund Corum XL, closed its first transaction in the Norwegian market, acquiring the recently developed Elverum retail park in Norway.

David Renger, CEO of RIM commented:” RIM´s cooperation with Corum is successfully expanding throughout the Nordics. The cooperation with Corum is in line with RIM´s strategy to engage together with financially strong and well renowned real estate investors in the Nordic region. We appreciate the continued trust from Corum and we are looking forward to continued cooperation on their expansion in the region.”

The property is let on long leases to Rusta, Elkjøp, Power, Byggmaker, Europris and Thansen. RIM has strategically advised and sourced the investment. The property was acquired from a group of private investors.
“We are pleased that we can expand our presence in the Nordic area with our entry into the Norwegian real estate market after having successfully been investing into the Finnish market for a few years. We intend to further expand our investments in the region the coming year.”, said Philippe Cervesi, Corum AM, Investment Director.

Bjørn Slaatta at DLA legally advised Corum and Akershus and Wiersholm advised the vendors commercially and legally.