Aspelin Reitan Eiendom will be owned 50/50 by Artel Kapital (“Aspelin family”) and Reitan Eiendom, and will also include Artel Kapital’s ownership in Asker Næringseiendom. As part of the transaction, Motek will not be included in the new structure. The combined company will have a total property value of around NOK 19 billion and manage approximately 565,000 square meters of highly attractive real estate, including landmark buildings such as VIA, Sommerro, and The Thief, alongside Reitan Eiendom’s properties in Christiania Areal. The company will continue to be a long-term and responsible urban developer, delivering sustainable growth and value creation in Oslo’s most central areas.

Alpha Corporate Finance acted as the financial advisor to Aspelin Eiendom in this transaction.

Aspelin Reitan Eiendom is jointly owned by Artel Kapital and Reitan Eiendom, combining their Oslo real estate portfolios into one of the largest private real estate companies in the city. The company manages around 565,000 square meters across approximately 50 properties, with a total portfolio value of about NOK 19 billion.

Aspelin Eiendom is a leading real estate developer focused on sustainable urban development. The company has been behind landmark projects such as Vulkan, Tjuvholmen, VIA, and Sommerro, and is currently developing Landbrukskvartalet, Spektrum, Lille Parkvei, and Campus Ullevål

Reitan Eiendom is part of the Reitan Group and operates across three main areas: city properties (Christiania Areal, VestenFjeldske, E. C. Dahls Eiendom), logistics and industrial real estate (RELOG), and retail properties (REBUS). The company manages more than 2 million square meters of real estate, with total assets of NOK 42 billion and annual rental income of NOK 2.1 billion (2024).

The agreement is expected to enter into force on 1 January 2026, subject to approval by the Norwegian Competition Authority.