Oslo-based property management company Ragde Eiendom has purchased a retail parks portfolio in Norway for 160 million euros ($180 million).
Ragde Eiendom acquired the asset from UK private equity company Tristan Capital Partners’ third European opportunity property fund, European Property Investors Special Opportunities 3 (EPISO 3).
EPISO 3 has sold its remaining retail parks portfolio, which includes four retail parks and two land plots.
The assets include Stoa Vest retail park in Arendal, which was acquired in 2016 and three assets that formed part of a larger retail park portfolio that Tristan acquired in 2015.