Swiss Life Asset Managers, Rebus and Usbl team up on resi project in Norway

Swiss Life Asset Managers is partnering with Rebus and Usbl in a joint venture to develop a multi-family residential building in the desirable Nydalen area of Oslo, Norway.

Nydalen

This project, anticipated to include around 200 apartments and ground-floor commercial space, aims to alleviate the growing housing shortage in central Oslo. 
The Nydalen location offers excellent amenities, transportation links, green spaces, and sunlight exposure. 
Construction is expected to begin after zoning approval in autumn 2025. 
The planned development will feature an urban residential block with underground parking, a courtyard, and a shared park area. 
Swiss Life Asset Managers Nordic structured this joint venture.
Morten Berg, senior transaction manager at Swiss Life Asset Managers, said: “We are optimistic about the housing market in the coming years. The site has an excellent micro-location, and we look forward to this project becoming a positive contribution to the urban landscape in Nydalen. Swiss Life Asset Managers seeks development projects in partnership with others, and we look forward to collaborating with Rebus and Usbl on this exciting project in Nydalen.”