News & Insights → Company News → CapMan Real Estate and Vander form joint venture to redevelop KA10 in Oslo
CapMan Real Estate and Vander form joint venture to redevelop KA10 in Oslo
CapMan Real Estate and Vander have formed a joint venture to redevelop Kristian Augusts gate 10 in central Oslo into high-quality serviced apartments with a long-term lease secured by Vander.
Overview
CapMan Nordic Real Estate III Fund and Vander have entered into a joint venture to co-own and redevelop Kristian Augusts gate 10 (KA10), a centrally located property in Oslo with strong public transport connectivity.
The surrounding area has undergone significant revitalisation in recent years, including university expansions, new office developments and expanded retail, dining and cultural offerings.
Announcement
KA10 is currently an office property comprising approximately 2,500 m² across five above-ground floors and one underground level. The joint venture plans to refurbish, extend and reposition the building into high-quality serviced apartments.
“We look forward to redeveloping this asset, creating a modern and attractive apartment hotel that further enhances urban living in the heart of Oslo.”
— Jens Henrik Larsen, Investment Director, CapMan Real Estate
Market context
The transformation reflects continued demand for serviced apartments in central urban locations supported by strong infrastructure and mixed-use neighbourhood development.
The project will contribute new professionally operated accommodation capacity to central Oslo while supporting the area's ongoing transformation.
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